Richter awards treasury shares in employee incentive program, buys more

Initiatives

Hungarian drugmaker Richter Gedeon on Friday said it awarded 15,420 treasury shares to employees as part of an incentive program and bought a further 7,710 shares over the counter.

After the transactions, Richter’s treasury share stock reached 13,848 at the parent company and 24,398 at group level.

Richter also said on Friday it purchased a further 186,374 treasury shares on the Budapest Stock Exchange, bringing treasury share stock to 200,222 at the parent company and 210,772 at group level. Richter placed the order for the shares with UniCredit Bank Hungary.

The company will use the treasury shares it purchases for its employee incentive program.

ADVERTISEMENT

Households Make HUF 164 bln of Net Withdrawals in January Banking

Households Make HUF 164 bln of Net Withdrawals in January

Hungary Makes Proposals to Ease Administrative Burden for EU... EU

Hungary Makes Proposals to Ease Administrative Burden for EU...

Gellért Berkes Named Property Management Head at ConvergenCE Appointments

Gellért Berkes Named Property Management Head at ConvergenCE

Guest Nights at Campsites, Hostels Climb Tourism

Guest Nights at Campsites, Hostels Climb

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.