LJUBLJANA (Slovenia), June 14 (SeeNews) – Slovenian pharmaceuticals producer Krka [LJE:KRKG] held 1,007,426 of its own shares as of Friday, representing 3.072% of the company's issued share capital, it said.
Krka bought 17,691 of its shares for a total of 1.1 million euro ($1.2 million) on the Ljubljana Stock Exchange between June 7 and June 13, the company said in a bourse filing.
Prior to the transactions, Krka held 989,735 of its own shares, representing 3.018% of all shares issued.
On July 28, 2017, Krka launched a share buyback programme, planning to acquire up to 2,720,248 shares over the following 36 months. The maximum pecuniary amount allocated to the programme is 227.8 million euro.
The company may dispose of the treasury shares acquired under the buyback programme in exchange for equity stakes in other companies by pursuing its merger and acquisition strategy, or by selling them to a strategic partner, Krka said at the time.
($ = 0.8860 euro)
KRKA d.d. is among the biggest companies in SEE. You can download our SEE Top 100 ranking
here or subscribe to our free Top 100 newsletter
here