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Richter completes treasury share purchase

Hungarian drug maker Gedeon Richter on Monday said it bought 5,000 treasury shares at an average price of HUF 43,221 per share on the Budapest Stock Exchange on Friday.

The company had 46,212 treasury shares on November 26. Including shares held by subsidiaries, treasury shares came to 56,762.

Richter noted that its order given on November 11 for 30,000 treasury shares to UniCredit Bank Hungary has been thereby fulfilled.

Richter has since bought treasury shares several times.

The shares will be used for Richter's management incentive programme.

Richter on Monday said it placed a new order for 30,000 treasury shares with UniCredit Bank Hungary on Monday.

The company said these shares will be used for its employee share programme. (MTI-ECONEWS)