“The extension of the buyback of BT (TLV) shares until 23.01.2020 as well as the supplementation of the number of purchased shares with 15.000.000 shares at a nominal value of 1 leu per share as well as at a price at least equal with the BSE market price at the moment of the acquisition and at a maximum price of 4 lei, in accordance with the daily transaction price on BSE for the period of share buyback”, the stock market report reads.
Banca Transilvania’s Board of Directors has decided to repurchase additional shares of RON39.15 million, according to ZF calculations based on the current trading prices.
Banca Transilvania shares have been trading up 30.17% since the beginning of 2019, amid deals worth RON2.7 billion, securing the lender a market capitalization of RON13.6 billion.