Tuesday | November 29, 2022 |
Market Status: OPEN

Market News


Notification - completion of the buyback program of shares

Release Date: 10/24/2018 6:15:10 PM

IRIS Code: 53EBB

No. 4409/24.10.2018

To:      Financial Supervisory Authority                                                        

            Financial Instruments and Investments Sector

            Fax: 021- 659.60.51

            Bucharest Stock Exchange – Regulated market

            Fax: 021- 256.92.76


From:    Bursa de Valori Bucuresti S.A. (Bucharest Stock Exchange)



according to Regulation no. 5/2018 on issuers of financial instruments and market operations and Law no. 24/2017 on issuers of financial instruments and market operations


Report date: 24 October 2018

Name of the issuing company: BURSA DE VALORI BUCURESTI S.A.

Registered office: 34-36 Carol I Blvd, 13-14 floors, district 2, Bucharest

Phone/fax number: + 4 021/307.95.00, + 4 021/307.95.19

Sole Registration Code with the Trade Register Office: 17777754  

Order Number in the Trade Register: J40/12328/2005

Share capital: RON 80,492,460

Regulated market on which the issued securities are traded: Bucharest Stock Exchange – Premium Tier (market symbol: BVB)


Important events to be reported: Completion of the buy-back program of shares



Bursa de Valori Bucuresti S.A. (“BVB” or “the Company”) hereby informs that, on October 23, 2018, it has completed the buy-back program of the Company's own shares under the terms and conditions approved by the Resolution no. 5 of April 12, 2017 of the Extraordinary General Meeting of Shareholders (EGMS), respectively the buyback of a maximum number of 114,285 shares at a minimum price of RON 18 per share and a maximum price which will be the lesser of (i) RON 35 per share and (ii) the higher of the price of the last independent trade and the highest current independent purchase bid, in accordance with the provisions of article 3, para. (2) of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buyback programmes and stabilisation measures.


Through the current report of August 16, 2018, BVB informed the market that it will buy-back its own shares from the market up to a total maximum value of RON 1,000,000, value that was included and allocated in the Budget and Business Plan of 2018 to this program for 2018. Thus, pursuant to the buy-back of shares program initiated on August 20, 2018 and conducted by Banca Comerciala Romana S.A.as intermediary, BVB bought-back 40,071 shares.


Therewith, BVB reports the regulated market the following transactions which occurred under the BVB symbol on October 22, 2018 and October 23, 2018


Transaction date

Nature of transaction

Total number of shares in the reporting period




















Please be reminded that the buyback programme had as purpose the allocation of own shares to the Company’s employees and managers, as well as members of the Board of Governors, according to the Allocation plan as approved through the Resolutions of the Extraordinary General Meetings of Shareholders no. 6 of April 12, 2017 and no. 1 of April 16, 2018.



Adrian Tanase




Information provided by IRIS, the news platform of the Bucharest Stock Exchange.


Bucharest Stock Exchange ("BVB") is not responsible for the content of this News item. Issuers whose financial instruments are traded on markets operated by BVB are required to report in accordance with current legal and regulatory provisions. BVB publishes these Reports as market administrator, appointed by ASF. When, for investors’ information, Reports are published, either signed by different persons, or with conflicting information, legal liability lies fully with the signatories. BVB disclaims any obligation or responsibility towards issuers or third parties, regarding the reality, completeness and accuracy of information provided by them and distributed by BVB. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

©2016 Bucharest Stock Exchange. All rights reserved