Doverie to buy back 5k shares on September 27 (NEUTRAL)

27.09.2024 Source: Doverie United Holding; FFBH

Doverie United Holding (DUH) announced that, in relation to a GSM resolution from June 27, 2024 and BoD decision taken on September 26, it intends to buy back 5 000 own shares on September 27. The company has set the repurchase price at BGN 8.48/share. Doverie has already bought back 10k shares at BGN 8.70/share on September 10 and 10k shares on September 25 at BGN 8.50/share. The repurchase program is for up to 3% of the company’s shares per year, but not more than 10% in total with lower and the upper price limit of respectively BGN 7.00 and BGN 12.00 per share, and term until 27 June 2029.