April 2 (SeeNews) - Bulgarian diversified group TK-Hold [BUL:T24] said on Thursday that it has launched a share repurchase programme targeting up to 3% of its capital, or 256,181 shares.
TK-Hold will pay up to 2 levs ($1.1/1 euro) per share but no less than 1.2 levs apiece, it said in a bourse filing.
The share repurchase programme will run until October 1. If the company does not repurchase the planned number of shares until the deadline, the programme could be extended.
TK-Hold shares last traded on the Bulgarian Stock Exchange at a price of 1.6 levs.
(1 euro = 1.95583 levs)