October 5 (SeeNews) - Bulgaria’s Foundation for Educational Transformation sold 53,469 shares in local software developer Sirma Group Holding [BUL:SGH], the software firm said.
The shares were sold on the Bulgarian Stock Exchange at an average price of 0.80 levs ($0.41/ 0.41 euro) apiece on September 22, Sirma said in a bourse filing on Tuesday.
You can subscribe to our M&A newsletter here
An additional filing published by the company earlier in the day also revealed the sale of 60,780 Sirma shares by the foundation in several deals on the stock exchange. The transactions were carried out on September 16 at an average price of 0.804 levs.
The foundation is related to a member of Sirma’s board of directors, Yavor Jonev.
According to a recent statement, another member of Sirma’s board, Martin Paev, acquired 27,000 shares in the company at an average price of 0.79 levs on September 30. Additionally, Paev purchased 780 shares at the same price on September 29.
As at 1150 CEST on Wednesday, Sirma stock traded 0.66% higher at 0.77 levs on the Sofia bourse.
Sirma Group has eight direct wholly- or majority-owned subsidiaries and owns indirectly 10 businesses, including in the USA, Latin America and Germany, according to its latest financial report.
(1 euro = 1.95583 levs)