Telematic Interactive Bulgaria investors okay share buyback

The company will buy back the shares at a price between between 15 levs ($8.4/7.7 euro) and 20 levs apiece, it said in a stock exchange filing on Tuesday.

The share repurchase programme, aimed at reducing the company's capital, will run until the end of 2026. Sofia International Securities will act as investment intermediary on the deal.

Telematic's shareholders have also approved the distribution of a gross dividend of 0.39 levs per share.

The company's equity capital is currently divided into 12.96 million voting shares of 1 lev in par value each, according to the commercial register.

Shares in Telematic Interactive Bulgaria last traded on Tuesday when they closed at 15.40 levs on the Bulgarian Stock Exchange, bourse data show.

(1 euro = 1.95583 levs)