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Richter awards treasury shares to employees

Hungarian drug maker Gedeon Richter has awarded 17,338 treasury shares to employees as part of an incentive program, the company said on the website of the Budapest Stock Exchange on Wednesday.

Richter also said it bought 8,777 treasury shares on the OTC market. The company has bought some 60,000 of the shares over the past month for the employee incentive program.

Richter had 50,053 treasury shares on December 15, 2010. At group level, treasury share stock came to 60,603. (MTI-Econews)