Banca Transilvania - to start a new repurchase program
Raiffeisen Capital & Investment - 22 Decembrie 2011
Banca Transilvania (TLV) announced that its Board has decided to start a new repurchase program of up to 12 mn of its own shares. The acquired shares will be used to remunerate a part of its staff.
The program is part of a 14 mn shares repurchase program approved at the latest GSM. This shares repurchase program will span between January 4, 2012 and June 30, 2012. We view this program to have a neutral impact, since the 12 mn shares account for less than 1% of its outstanding shares and around 20 trading days based on the volumes from the past months.
Sursa: http://www.rciro.ro
Tags: program
shares
repurchase
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