Astarta purchased 3.05 thousand of its own shares
2013-12-04 17:13:17
According to the official statement made by the company on Warsaw Stock Exchange, Astarta Holding N.V. has bought back 3.05 thousand shares for the price of PLN 67.11 per share having spent PLN 204.7 thousand. The purchase had been carried out within the buyback program, initiated on March 20, 2013. The program states that the company will purchase 500 thousand shares of the company, or 2% from the total volume of shares. The price per share for the program is not intended to be higher than PLN 125 per share. Company also initiated second program with the same rules and price restriction on June 21, 2013. The period for both buyback programs was set at 18 months since approval.
UkrAgroConsult comment: we assume that Astarta’s aim with the program is to keep up its market capitalization as company itself basically ensures demand for its own shares, therefore driving their price up.
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