Slovenia's Krka buys back 8,309 own shares

Krka has bought 8,309 of its shares for a total of 617,090 euro ($683,967) on the Ljubljana Stock Exchange between December 20 and December 23, the company said in a bourse filing.

Prior to the transactions, Krka held 1,225,943 of its own shares, representing 3.738% of all shares issued.

On July 28, 2017, Krka launched a share buyback programme, planning to acquire up to 2,720,248 shares over the following 36 months. The maximum pecuniary amount allocated to the programme is 227.8 million euro.

The company may dispose of the treasury shares acquired under the buyback programme in exchange for equity stakes in other companies by pursuing its merger and acquisition strategy, or by selling them to a strategic partner, Krka said at the time.

($ = 0.90212 euro)