September 17 (SeeNews) - Bulgarian construction company Trace Group Hold [BUL:T57] said on Monday that it has repurchased 1,100 own shares at a weighted average price per share of 3.3 levs ($2.0/1.7 euro) apiece.
The deals' settlement date is September 18, Trace Group Hold said in a bourse filing.
The number of shares represents 0.0045% of the company's capital, according to bourse data.
Last week, Trace Group Hold launched a share repurchase programme targeting 100,000 own shares, equal to 0.41% of the company's capital, at a price of between 3 levs and 6 levs.
Trace Group Hold shares showed signs of recovery last week, regaining 5.77% in total and ending at 3.3 levs on Friday.
The company's shares were under pressure, losing more than 20% since a bus crash on August 25, allegedly caused by the poor condition of a road recently repaired by the company's unit Trace Svoge, killed 17 and left dozens injured. Trace Group Hold has repeatedly denied the possibility that the crash was caused by faulty repair. The accident is still under investigation.
As at 8:30 CET on Monday, Trace Group Hold shares traded unchanged at 3.3 levs on the Bulgarian Stock Exchange.
Trace Group Hold's activities include rehabilitation, reconstruction and construction of roads, highways, airports, underground stations and underground railways, ground railroads and facilities, urban infrastructure and road marking.
(1 euro = 1.95583 levs)