June 29 (SeeNews) - Slovenian technical goods wholesaler Kovintrade [LJE:KZTR] to launch a share repurchase programme targeting up to 13,561 shares that represent 10% of its registered equity capital, it said.
Kovintrade will buy the shares at a price not lower than 10% and not higher than 50% of the book value of the company's shares, the company said in a filing to the Ljubljana Stock Exchange on Tuesday.
The programme is set to run until July 6, 2024.
The company's management board granted authorisation for the programme on June 23.