Sofia Commerce buys back 20k own shares (NEUTRAL)
Source: Sofia Commerce – Pawn Brokerage; FFBH
On Jan 11, Sofia Commerce bought back 20k own shares, representing 0.8685% of the issue, at an average price of BGN 7.83. The company‘s treasury stock reached 90 615 own shares, 4.17% of the issue. Please recall, that on Jan 6 the BoD of Sofia Commerce announced the details of the buyback procedure, following a decision of the shareholders from the EGM held on 30 Sept‘20. The procedure will run between Jan 11 and Feb 15 or until 3% of the issue (69 085 shares) is bought. The lower limit of the price range is BGN 5.50, while the upper limit is set at BGN 8.