Bulgaria's Trace Group Hold Launches Share Repurchase Programme
Bulgarian construction company Trace Group Hold said that it has launched a share repurchase programme targeting 100,000 own shares, equal to 0.41% of the company's capital. The shares will be bought back a price of between 3 levs and 6 levs ($1.8-3.6 / 1.5-3.1 euro), Trace Group Hold said in a bourse filing late on Wednesday. The programme will expire on January 31 2019.If the company fails to repurchase 100,000 shares by then, the management board has the right to extend the deadline.As at 13:15 CET on Thursday, Trace Group Hold shares traded 3.13% higher at 3.3 levs. Trace Group Hold's activities include rehabilitation, reconstruction and construction of roads, highways, airports, underground stations and underground railways, ground railroads and facilities, urban infrastructure and road marking.(1 euro = 1.95583 levs)