Shareholders approved the repurchase of a maximum 1.1% of the share capital, respectively a total of 85,849 own shares, for the purpose of implementing the Plan for granting stock options to the staff of BVB Group, as per the report.
The aggregate amount of the buyback program is up to RON6.7 million. The purchase price of the shares will be minimum equal to the market price of one BVB share at the time of the purchase and maximum equal to the higher value between the price of the last independent transaction and the highest price at the time of the purchase offer, the report shows.
The Bucharest Stock Exchange has a market capitalization of RON518 million after its shares have lost 1.8% so far in 2024, amid deals worth RON16.3 million, but have gained 42.5% in the last 12 months, amid deals worth RON80.2 million, as per stock market data.
The Bucharest Stock Exchange ended the first quarter of 2024 with net profit of RON2.96 million, at a group level, up 68% from the same period of 2023, while the net margin grew from 14% to 17%. Operating income totaled RON17.25 million in Q1/2024, up 34% year-over-year.