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Romania's SIF Moldova grows own shareholding

Author Mario Tanev
Romania's SIF Moldova grows own shareholding Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

BUCHAREST (Romania), January 21 (SeeNews) - Romania's SIF Moldova [BSE:SIF2] said that it has repurchased 361,277 own shares in the period January 13-17 at an average price per share of 1.6844 lei ($0.39/0.35 euro).

SIF Moldova paid a total of 608,538 lei for the repurchased shares, the company said in a bourse filing on Monday.

As at 14:45 CET on Tuesday, SIF Moldova shares traded 0.82% higher at 1.84 lei on the Bucharest Stock Exchange.

SIF Moldova's share repurchase programme targets 2 million own shares, or 0.1996% of its capital, at a price of up to 2.2 lei per share. The programme will run until February 28 and will be serviced by BT Capital Partners.

SIF Moldova managed assets worth some 2.25 billion lei at the end of September, with most of its investments in the financial and energy sectors.

(1 euro = 4.78 lei)