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IHB bought back 125 and sold 400k own shares in December’17 (NEUTRAL)

Industrial Holding Bulgaria (IHB) repurchased 125 and sold 400k own shares in December’17 at average prices of BGN 0.93 and BGN 0.95 per share, respectively. Following the transactions, the holding held a total of 421 680 treasury stock as of end-2017, which is equivalent to 0.55% of the share capital. IHB has repurchased a total of 38 692 own shares over the whole 2017. Please recall that, the shareholders voted to extend the term of its shares buyback procedure until 17 December 2023. According to the procedure, the company could repurchase up to 3% of its capital per calendar year at minimum BGN 0.7 and maximum BGN 1.2 per share, where its total treasury stocks cannot exceed 10% of the share capital.

Source: Industrial Holding Bulgaria; FFBH

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