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initiation buyback program 2018

Release Date: 3/1/2018 9:06:11 AM

IRIS Code: 07AF9

CURRENT REPORT in accordance with the C.N.V.M. Regulation no. 1/2006

Date: 01.03.2018




Headquarters:                                                                        Cluj-Napoca, 8 G. Baritiu Street

Telephone/fax number:                                                     0264/407150/407179

Registry of Commerce registration number:          J12/4155/1993

Individual identification number:                               5022670

Subscribed and paid-up capital:                                   4,341,439,404 lei

Legal Stock Market:                                                            Bucharest Stock Exchange


 1.      Important events to report:


a)     Change of control of the company – not applicable.

b)     Acquisition or substantial transaction of assets – not applicable.

c)      Insolvency procedure – not applicable.

d)    Other events: buy-back of TLV shares


Banca Transilvania informes its investors that, through its decision of 28.02.2018, the Board of Directors of Banca Transilvania S.A. has approved the following:

  1. The buyback of BT (TLV) shares, in accordance with the law and within the legal boundaries of the Extraordinary Shareholders’ Meeting decision approved on the 26th of April 2017, thus deciding the purchase of a number of 10,000,000 shares (of the total of 25,000,000 shares approved for buyback by the Extraordinary General Shareholders’ Meeting) at a nominal value of 1 leu per share as well as at a price at least equal with the BSE market price at the moment of the acquisition and at a maximum price of 3.5 lei, in accordance with the daily transaction price on BSE for the period of share buyback.
  2. The volume of shares which will be purchased by the company will be determined in accordance with art. 3 of the Commission Delegated Regulation (EU)  no. 2016/1052.
  3. In accordance with art. 1 and 2 (regarding the number of shares in the buyback and the value and number of shares traded daily), we wish to inform the investors that the share buyback procedure will take place between 01.03.2018 and 23.03.2018.




OMER TETIK                                                          IOANA OLANESCU



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