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Richter awards treasury shares in employee incentive program, buys more

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.