LJUBLJANA (Slovenia), January 18 (SeeNews) – Slovenian pharmaceuticals producer Krka [LJE:KRKG] held 922,731 of its own shares as of Friday, representing 2.814% of the company's issued share capital, it said on Friday.
Krka bought 15,406 of its shares for a total of 892,336 euro ($1.0 million) on the Ljubljana Stock Exchange between January 11 and January 17, the company said in a bourse filing.
Prior to the transactions, Krka held a total of 907,325 of its own shares, representing 2.767% of all shares issued.
On July 28, 2017, Krka launched a share buyback programme, planning to acquire up to 2,720,248 shares over the following 36 months. The maximum pecuniary amount allocated to the programme is 227.8 million euro.
The company may dispose of the treasury shares acquired under the buyback programme in exchange for equity stakes in other companies by pursuing its merger and acquisition strategy, or by selling them to a strategic partner, Krka said at the time.
($ = 0.87786 euro)