Market News


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)



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 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





Buy back





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




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