Market News


Initiation of share buyback program

Release Date: 5/17/2022 7:59:41 AM

IRIS Code: 356A1

CURRENT REPORT in accordance with Law 24/2017 on issuers and market operations and FSA Regulation no. 5/2018 on issuers and market operations

Date: 17.05.2022


Headquarters:                                                      Cluj-Napoca, 30-36 Calea Dorobantilor

Telephone/fax number:                                   0264/407150/407179

Registry of Commerce reg. number:          J12/4155/1993

Individual identification number:              5022670

Subscribed and paid-up capital:                  RON 6,311,469,680

Legal Stock Market:                                           Bucharest Stock Exchange


1.      Important events to report:

a)     Change of control of the issuer – not applicable.

b)     Acquisition or substantial transaction of assets – not applicable.

c)      Insolvency/juridical reorganisation/bankruptcy procedure – not applicable.

d)     Transactions of the type listed in art. 82 of Law no. 24/2017 – not applicable.

e)    Other events: buy-back of TLV shares


Banca Transilvania informes its investors that, through its decision of 16.05.2022, the Board of Directors of Banca Transilvania S.A. has approved the following:

1. The buyback of BT (TLV) shares, in accordance with the law and within the legal boundaries of the Extraordinary Shareholders’ Meeting decision approved on the 28th of April 2022, thus deciding the purchase of a maximum of 5,000,000  shares (of the total of 40,000,000 shares approved for buyback by the Extraordinary General Shareholders’ Meeting) at a nominal value of 1 RON per share as well as at a price at least equal with the BSE market price at the moment of the acquisition and at a maximum price of 4 lei, in accordance with the daily transaction price on BSE for the period of share buyback.

2. The volume of shares which will be purchased by the company will be determined in accordance with art. 3 of the (EU) Regulation no. 2016/1052.

3. In accordance with art. 1 and 2 (regarding the number of shares in the buyback and the value and number of shares traded daily), we wish to inform the investors that the share buyback procedure will take place between 17.05.2022 and 31.05.2022.




OMER TETIK                                                        IOANA OLANESCU



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