LJUBLJANA (Slovenia), June 3 (SeeNews) – Slovenian pharmaceuticals producer Krka [LJE:KRKG] held 980,171 of its own shares as of Monday, representing 2.989% of the company's issued share capital, it said.
Krka bought 10,378 of its shares for a total of 627,246 euro ($700,488) on the Ljubljana Stock Exchange last week, the company said in a bourse filing.
Prior to the transactions, Krka held 969,793 of its own shares, representing 2.957% of all shares issued.
On July 28, 2017, Krka launched a share buyback programme, planning to acquire up to 2,720,248 shares over the following 36 months. The maximum pecuniary amount allocated to the programme is 227.8 million euro.
The company may dispose of the treasury shares acquired under the buyback programme in exchange for equity stakes in other companies by pursuing its merger and acquisition strategy, or by selling them to a strategic partner, Krka said at the time.
($=0.89521 euro)
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