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Slovenia's Krka buys back 4,441 own shares

Author Radomir Ralev
Slovenia's Krka buys back 4,441 own shares Photo: Slovenia's Krka

LJUBLJANA (Slovenia), October 20 (SeeNews) - Slovenian pharmaceuticals producer Krka [LJE:KRKG] has said it raised its own shareholdings to 5.038% from 5.025% after repurchasing 4,441 of its shares for an overall 494,025 euro ($575,462) on the Ljubljana bourse.

Krka bought 620 shares at 110.31 euro each on October 11, a further 783 shares at 110.28 euro each on October 12, 687 shares at 111.0 euro each on October 13, 214 shares at 111.16 euro each on October 14, as well as 1,064 shares at 112.13 euro on October 15 and 1,073 shares at 111.78 euro apiece on October 18, it said in a bourse filing on Tuesday.

Prior to the transactions, Krka held 1,647,853 of its own shares. Following the repurchase, it now holds 1,652,294 own shares.

The share purchase is part of Krka's new share buyback programme, launched in July 2020, under which the company plans to acquire a maximum of just over 1.84 million own shares over the following 36 months. The maximum pecuniary amount allocated to the programme is 356.4 million euro.

($ = 0.85848 euro)

KRKA d.d. is among the biggest companies in SEE, for more reference take a look at Top 100 companies