OTP buys 44,000 own shares
OTP Bank purchased 43,963 OTP ordinary shares on Wednesday - in line with a decision of the April 29 general meeting - at an average price of HUF 3,595 per share on the Budapest Stock Exchange, the bank said on Thursday.
The bank held 4,395,026 treasury shares after the transaction, including 2,073,560 treasury shares held by members of the OTP group other than the parent company as of August 31, 2011.
Treasury shares account for just 1.57% of the bank's registered capital.
OTP also purchased 100,000 OTP shares on Tuesday at an average price of HUF 3,646 per share.
ADVERTISEMENT
Slovenia Inflation Slows in May
Parl't Approves Amendments to Legislation on Judiciary
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
