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Slovenia's Krka increases own shareholding to 2.5%

Author Maja Garaca
Slovenia's Krka increases own shareholding to 2.5% Source: Krka

LJUBLJANA (Slovenia), September 28 (SeeNews) - Slovenian drug maker Krka [LJE:KRKG] held 820,114 of its own shares as of Friday, representing 2.501% of the company's issued share capital, following the launch of a share buyback programme in July 2017.

Krka bought 5,374 treasury shares for a total of 299,876 euro ($347,489.5) on the Ljubljana Stock Exchange between September 21 and September 27, the company said in a bourse filing.

Prior to the transactions, Krka held a total of 814,740 of its own shares, representing 2.484% of all shares issued.

SKB d.d. and NLB d.d. brokered the transactions.

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.

($=0.862979 euro)

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