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Romania's Fondul Proprietatea shareholders endorse 2020 share buyback programme

Author Mario Tanev
Romania's Fondul Proprietatea shareholders endorse 2020 share buyback programme Stock (Author: Fondul Proprietatea) License: all rights reserved.

BUCHAREST (Romania), November 19 (SeeNews) - Romanian investment fund Fondul Proprietatea [BSE:FP] said that its shareholders have endorsed the company's 2020 share repurchase programme, targeting up to 800 million own shares.

The repurchases will be priced in the range 0.2-2.0 lei ($0.05-0.46 / 0.04-0.42 euro), the company said in a bourse filing last week.

The programme is aimed at decreasing the company's registered capital.

As at 9:30 CET on Tuesday, Fondul Proprietatea shares traded 0.42% higher at 1.185 lei on the Bucharest Stock Exchange.

(1 euro = 4.77 lei)

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