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Romania's Banca Transilvania repurchases 1.83 mln own shares

Author Mario Tanev
Romania's Banca Transilvania repurchases 1.83 mln own shares Banca Transilvania

BUCHAREST (Romania), November 26 (SeeNews) - Romania's Banca Transilvania (BT) [BSE:TLV] said that it has repurchased a total of 1,829,309 own shares in the period November 18-22 at a weighted average price per share of 2.47 lei ($0.57/0.51 euro).

Banca Transilvania paid a total of some 4.5 million lei for the share repurchases during the review period, the lender said in a bourse filing on Monday.

In September, Banca Transilvania said it will seek to buy back a total of 15 million of its own shares for up to 60 million lei.The bank will offer to pay a minimum price equal to the market price on the Bucharest bourse at the moment of the purchase and 4 lei at most, the bank said at the time.

The programme will run until the end of 2019.

The bank's capital is divided into 5,215,917,925 shares with a par value of 1 leu each, according bourse data.

As at 14:55 CET on Tuesday, Banca Transilvania shares traded 1.81% higher at 2.53 lei on the Bucharest Stock Exchange.

(1 euro = 4.78 lei)