Teraplast – share buyback program update
Raiffeisen Capital & Investment - 26 Ianuarie 2011
Teraplast (TRP) announced that between December 2, 2010 and January 20, 2011 it purchased from the open market some 0.6 mn of its own shares at an average price of RON 0.42 per share.
Following these acquisitions the total number of shares bought through the program reached 4.1 mn, meaning more than 90% of the number of shares initially targeted.
Therefore, we believe the possible impact of the share repurchase program on TRP stock price and liquidity to be limited. Since the volumes of the share purchases from the market were thin in the last period, we consider the news as neutral.
Sursa: http://www.rciro.ro
Tags: share
program
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