OTP buys more than 200,000 treasury shares
OTP Bank purchased 200,183 treasury shares on the Budapest Stock Exchange (BSE) yesterday, the day before releasing its earnings report, Hungarian news agency MTI reported it today.
OTP bought the shares at an average price of HUF 5,694. OTP Bank shares closed at HUF 5,692 yesterday. The purchases accounted for 19% of the total market turnover for the day. As a result, OTPʼs stock of treasury shares rose to 3,845,267, which accounts for 1.37% of registered capital.
OTP also said it sold 790 ordinary shares on Thursday as part of its remuneration policy.
As a result of the latter transaction, the stock of treasury shares changed to 3,844,477.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.