Market News


BURSA DE VALORI BUCURESTI SA - BVB

Notification - completion of the buy back program of shares

Release Date: 4/7/2020 11:00:06 AM

IRIS Code: 9C923

 

No. 2130/07.04.2020

To:      Financial Supervisory Authority                                                                          

            Financial Instruments and Investments Sector

            Fax: 021- 659.60.51

            Bucharest Stock Exchange – Regulated market

            Fax: 021- 256.92.76

From:   Bursa de Valori Bucuresti S.A. (Bucharest Stock Exchange)

 

CURRENT REPORT

according to Law no. 24/2017 on issuers of financial instruments and market operations and Regulation no. 5/2018 on issuers of financial instruments and market operations

 

Report date: 7 April 2020

Name of the issuing company: BURSA DE VALORI BUCURESTI S.A.

Registered office: 34-36 Carol I Blvd, 13-14 floors, district 2, Bucharest

Phone/fax number: + 4 021/307.95.00, + 4 021/307.95.19

Sole Registration Code with the Trade Register Office: 17777754  

Order Number in the Trade Register: J40/12328/2005

Share capital: RON 80,492,460

Regulated market on which the issued securities are traded: Bucharest Stock Exchange – Premium Tier (market symbol: BVB)

 

Important events to be reported: Completion of the buy-back program of shares

 

 

Bursa de Valori Bucuresti S.A. (“BVB” or “the Company”) hereby informs that, on April 6, 2020, it has completed the buy-back program of the Company's own shares under the terms and conditions approved by the Resolution no. 1 of April 24, 2019 of the Extraordinary General Meeting of Shareholders (EGMS), published in the Official Gazette of Romania, Part IV, no. 2325/June 4, 2019, respectively the buyback of a maximum 60,369 shares (representing up to 0.75% of the Company’s share capital), at a minimum price equal to the market price from the BVB at the acquisition moment and a maximum price which will be the lesser of (i) RON 35 per share and (ii) the higher of the price of the last independent trade and the highest current purchase bid, in accordance with the provisions of article 3, para. (2) of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No. 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buyback programmes and stabilisation measures.

 

Through the current report of March 16, 2020, BVB informed the market that it will initiate on March 18, 2020 the buy-back of its own shares under the terms and conditions approved by the Resolution no. 1 of April 24, 2019 of the Extraordinary General Meeting of Shareholders. Thus, pursuant to the buy-back of shares program initiated on March 18, 2020 and conducted by Banca Comerciala Romana S.A.as intermediary, BVB bought-back 60,369 shares.

 

Therewith, BVB reports the regulated market the following transactions which occurred under the BVB symbol on April 6, 2020.

 

Transaction date

Nature of transaction

Total number of shares in the reporting period

Price/share

 (RON)

Value

06.04.2020

Buy back

4,312

23.00

99,176

 

Please be reminded that the buyback programme had as purpose the allocation of own shares to the Company’s employees and managers, as well as members of the Board of Governors, according to the Allocation plan as approved through the Resolutions of the Extraordinary General Meetings of Shareholders no. 6 of April 12, 2017 and no. 1 of April 16, 2018.

 

 

Adrian Tanase

CEO

 



 Print

Information provided by IRIS, the news platform of the Bucharest Stock Exchange.

______________________

Bucharest Stock Exchange ("BVB") is not responsible for the content of this News item. Issuers whose financial instruments are traded on markets operated by BVB are required to report in accordance with current legal and regulatory provisions. BVB publishes these Reports as market administrator, appointed by ASF. When, for investors’ information, Reports are published, either signed by different persons, or with conflicting information, legal liability lies fully with the signatories. BVB disclaims any obligation or responsibility towards issuers or third parties, regarding the reality, completeness and accuracy of information provided by them and distributed by BVB. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.


©2016 Bucharest Stock Exchange. All rights reserved