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Bulgaria s IHB buys back 3,400 own shares in April Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.
SOFIA (Bulgaria), May 5 (SeeNews) - Diversified group Industrial Holding Bulgaria (IHB) [BUL:IHB] said on Wednesday that it repurchased 3,400 own shares in April at a weighted average price per share of 0.85 levs ($0.52/0.43 euro).
At the end of April, IHB held 9,106,395 own shares, the company said in a stock exchange filing.
IHB s five-year share buyback programme envisages the repurchase of own shares at a price of between 0.70 levs and 1.20 levs apiece.
As at 14:35 CET on Wednesday, shares in IHB traded 6.45% lower at 0.87 levs on the Bulgarian Stock Exchange.