Romania’s Banca Transilvania extends share repurchase programme

Romanian lender Banca Transilvania (BT) [BSE:TLV] said that it has decided to double the number of shares it intends to buy back to 30 million, and extend its share repurchase programme to January 23, 2020 from the end of 2019 currently, according to SeeNews.com.

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 ($0.93/0.84 euro) at most, it said in a bourse filing on Monday.

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

As at 14:55 CET on Tuesday, Banca Transilvania shares traded 0.77% lower at 2.59 lei on the Bucharest Stock Exchange.

Romania’s Banca Transilvania (BT) [BSE:TLV] said on Monday that it has repurchased a total of 1,854,558 own shares in the period December 9-13 at a weighted average price per share of 2.55 lei ($0.60/0.53 euro).

Banca Transilvania paid a total of some 4.7 million lei for the share repurchases during the review period, the lender said in a bourse filing.

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