LJUBLJANA (Slovenia), December 17 (SeeNews) – Slovenian drug maker Krka [LJE:KRKG] held 877,132 of its own shares as of Monday, representing 2.675% of the company's issued share capital, the company said.
Krka bought 16,422 treasury shares for a total of 905,377 euro ($1.0 million) on the Ljubljana Stock Exchange between December 7 and December 14, the pharmaceuticals producer said in a bourse filing.
Prior to the transactions, Krka held a total of 860,710 of its own shares, representing 2.625% of all shares issued.
On July 28, 2017, Krka launched a share buyback programme, planning to acquire up to 2,720,248 shares over the following 36 months. The maximum pecuniary amount allocated to the programme is 227.8 million euro.
The company may dispose of the treasury shares acquired under the buyback programme in exchange for equity stakes in other companies by pursuing its merger and acquisition strategy, or by selling them to a strategic partner, Krka said at the time.
($ = 0.88418 euro)
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