Thus, the company aims to pay maximum RON20/unit for 130,047 shares, according to the stockholders’ decision.

The number of shares targeted in the buyback program is higher than the total number of traded shares, which set at 117.672 end-May.

Foraj Sonde Videle is owned by natural person Sever-Florian Raicu, with a 90.39% stake.

(English version by Manuela Panescu)