Leading companies engage in treasury share transactions
Monday, May 9, 2005, 00:00
Several major publicly traded companies announced treasury share transactions today.
Hungarian Oil and Gas Rt (Mol), which has been continuously purchasing its own shares recently, bought another 17,588 treasury shares yesterday, which it had acquired on the Budapest Stock Exchange at an average price of Ft 15,742 with ING Bank Rt acting as investment service provider. As a result, Mol currently owns 6.6 million treasury shares.
The stock of treasury shares at OTP Bank Rt decreased by 45,500 on the same day as employees exercised their option as part of the bank?s employee share option plan.
A similar plan at the Land Credit and Mortgage Bank Rt (FHB) was concluded yesterday, with 17,936 shares dealt out to the managers of the company.
BorsodChem Rt sold 10,000 shares to former board member Attila Mérész in its management fringe benefit program. Currently, the company has 1.27 million treasury shares.