Banca Transilvania Seeks to Buy Back 10 Million Shares in Jan for Maximum RON40M

Romanian lender Banca Transilvania (TLV.RO) seeks to buy back 10 million of its own shares in the period January-2-25 for a maximum of RON40 million.

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The bank seeks to purchase 10 million shares (of the total of 35 million shares approved for buyback by its Extraordinary General Shareholders’ Meeting) at a nominal value of 1 leu per share as well as at a price at least equal with the Bucharest Stock Exchange price at the moment of the acquisition and at a maximum price of RON4 lei, in accordance with the daily transaction price on the stock market for the period of share buyback.

Banca Transilvania shares traded at RON2.04 on the Bucharest Stock Exchange Thursday morning, up 1.75% from the previous trading session.

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