SIF Moldova, one of the biggest investment companies in Romania, whose shares are trading on the Bucharest Stock Exchange under the ticker SIF2, will launch a public offer to buy back 12.7 million shares representing 1.25% of its capital.
The buyback price is RON 1.85 per share, 40% higher than the trading price before the offer was announced (RON 1.325 per share, as of June 11). The total value of the offer amounts to RON 23.5 million (EUR 5 million).
The offer will take place between June 18 and July 1 and will be managed by local brokerage firm BT Capital Partners.
SIF Moldova shares gained close to 5% on Wednesday, June 12, after the offer was announced, closing at RON 1.39.
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