The company wants to distribute these shares to its managers, directors and employees under stock option plan.
The first buy-back period is September 18 through December 31, 2019 and the intermediary is BT Capital Partners.
The targeted daily volume is maximum 25% of the average daily volume of shares traded on the Bucharest Stock Exchange, calculated on the basis of the average daily volume of the 20 trading days preceding the date on which the acquisition takes place.
The minimum purchase price will be the Bucharest Stock Exchange market price at the moment of acquisition and the maximum price will be RON2.2/share, the company said.
SIF Moldova shares were trading at RON1.41/share Wednesday, up 0.35% on the day. Share prices grew 16% since the beginning of the year.