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Slovenia's Krka increases own shares to 3.423% of capital

Slovenia's Krka increases own shares to 3.423% of capital Source: Krka

LJUBLJANA (Slovenia), October 7 (SeeNews) – Slovenian pharmaceuticals producer Krka [LJE:KRKG] held 1,122,693 of its own shares as of October 4, representing 3.423% of the company's issued share capital, it said on Monday.

Krka has bought 16,311 of its shares for a total of 1.03 million euro ($1.13 million) on the Ljubljana Stock Exchange between September 30 and October 4, the company said in a bourse filing.

Prior to the transactions, Krka held 1,106,328 of its own shares, representing 3.374% 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.

($ = 0.91041 euro)