If you can see this message, your browser does not support canvas and needs an update. Sorry. :(
Friday, April 23, 2021 
Market Status: Closed
About us and Governance Investor Relations Contact
Advanced search

Market News


BANCA TRANSILVANIA S.A. - TLV

Initiation of share buyback program

Release Date: 3/9/2021 6:00:15 PM

IRIS Code: BE93A

CURRENT REPORT in accordance with Law 24/2017 on issuers and market operations and FSA Regulation no. 5/2018 on issuers and market operations

Date: 09.03.2021

BANCA TRANSILVANIA S.A. CLUJ-NAPOCA

 

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:                             RON 5,737,699,709

Legal Stock Market:                                                      Bucharest Stock Exchange

 

1.      Important events to report:

 

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

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

c)   Insolvency/juridical reorganisation/bankruptcy procedure – not applicable.

d)   Transactions of the type listed in art. 82 of Law no. 24/2017 – not applicable.

e)    Other events: buy-back of TLV shares

 

Banca Transilvania informes its investors that, through its decision of 08.03.2021, 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 29th of April 2020, thus deciding the purchase of a maximum of 35,000,000  shares (of the total of 35,000,000 shares approved for buyback by the Extraordinary General Shareholders’ Meeting) at a nominal value of 1 RON 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 4 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 (EU) Regulation 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 10.03.2021 and 19.11.2021.

 

CHIEF EXECUTIVE OFFICER                       CHIEF GOVERNANCE OFFICER

OMER TETIK                                                        IOANA OLANESCU

 



 Print

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