Raiffeisen Bank acts as intermediary of the offer.
The purpose of the program is to reduce the share capital by cancelling the shares bought back. The reduction of the share capital cut will be subject to approval within shareholders’ upcoming general assembly.
SIF Moldova shares rose 4.1% to RON0.94 per unit, within deals worth RON1.9 million.
The fund has recently ended a share repurchase program, carried out between November 23, 2016 and March 31, 2017, which targeted more than 4.071 million SIF2 shares.
SIF Moldova currently has a market capitalization of RON975.8 million and its shares have increase by 20% since the beginning of 2017.
SIF Moldova owns nearly 7% of the share capital of Banca Transilvania (TLV. RO).