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BANCA TRANSILVANIA S.A. - TLV

Initiation of share buyback program - 03.01.2019

Release Date: 1/3/2019 9:28:02 AM

IRIS Code: 9DC64

CURRENT REPORT in accordance with Law 24/2017 on issuers and market operations and FSA Regulation no. 5/2018 on issuers and market operations

Date: 03.01.2019

BANCA TRANSILVANIA S.A. CLUJ-NAPOCA

 

Headquarters:                                                                  Cluj-Napoca, 8 G. Baritiu Street

Telephone/fax number:                                               0264/407150/407179

Registry of Commerce registration number:     J12/4155/1993

Individual identification number:                          5022670

Subscribed and paid-up capital:                              RON 4,812,481,064

Legal Stock Market:                                                       Bucharest Stock Exchange

 

1.      Important events to report:

a)     Change of control of the issuer – not applicable.

b)     Acquisition or substantial transaction of assets – not applicable.

c)      Insolvency/juridical reorganisation/bankruptcy procedure – not applicable.

d)     Transactions of the type listed in art. 82 of Law no. 24/2017 – not applicable.

e)    Other events: buy-back of TLV shares

 

Banca Transilvania informes its investors that, through its decisions of 31.12.2018, the Board of Directors of Banca Transilvania S.A. has approved the following:

 1. The buyback of BT (TLV) shares, in accordance with the law and within the legal boundaries of the Extraordinary Shareholders’ Meeting decision approved on the 25th of April 2018, thus deciding the purchase of a number of 10,000,000  shares (of the total of 35,000,000 shares approved for buyback by the Extraordinary General Shareholders’ Meeting) at a nominal value of 1 leu per share as well as at a price at least equal with the BSE market price at the moment of the acquisition and at a maximum price of 4 lei, in accordance with the daily transaction price on BSE for the period of share buyback.

2. The volume of shares which will be purchased by the company will be determined in accordance with art. 3 of the (EU) Regulation no. 2016/1052.

3. In accordance with art. 1 and 2 (regarding the number of shares in the buyback and the value and number of shares traded daily), we wish to inform the investors that the share buyback procedure will take place between 03.01.2019 and 25.01.2019.

 

CHIEF EXECUTIVE OFFICER                       CHIEF GOVERNANCE OFFICER

OMER TETIK                                                        IOANA OLANESCU

 



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