Romania’s Banca Transilvania repurchases 1.83 mln own shares

Romania’s Banca Transilvania (BT) [BSE:TLV] said that it has repurchased a total of 1,829,309 own shares in the period November 18-22 at a weighted average price per share of 2.47 lei ($0.57/0.51 euro), according to

Banca Transilvania paid a total of some 4.5 million lei for the share repurchases during the review period, the lender said.

In September, Banca Transilvania said it will seek to buy back a total of 15 million of its own shares for up to 60 million lei.The bank will offer to pay a minimum price equal to the market price on the Bucharest bourse at the moment of the purchase and 4 lei at most, the bank said at the time.

The programme will run until the end of 2019.

The bank’s capital is divided into 5,215,917,925 shares with a par value of 1 leu each, according bourse data.

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