September 14 (SeeNews) - Slovenian drug maker Krka [LJE:KRKG] held 809,058 of its own shares as of Friday, representing 2.467% of the company's issued share capital, following the launch of a share buyback programme in July 2017.
Krka bought 3,116 treasury shares for a total of 176,738 euro ($206,837) on the Ljubljana Stock Exchange between September 7 and September 13, the company said in a bourse filing.
Prior to the transactions, Krka held a total of 805,942 of its own shares, representing 2.458% of all shares issued.
SKB d.d. and NLB d.d. brokered the transactions.
On July 28, 2017, Krka launched a share buyback programme, planning to acquire up to 2,720,248 shares over the following 36 months. The maximum pecuniary amount allocated to the programme is 227.8 million euro.
The company may dispose of the treasury shares acquired under the buyback programme in exchange for equity stakes in other companies by pursuing its merger and acquisition strategy, or by selling them to a strategic partner, Krka said at the time.
($=0.854526 euro)