Teko Mining buys back shares again

(Photo: Aleksandar Parezanović)

Namely, the tender offer published on the website of the Belgrade Stock Exchange reads that the company wants to acquire maximum 1,300 shares, that is, 3.61% of the outstanding stock. The offer is valid from February 23 through March 16.

Teko Mining Rekovac offers to repurchase own shares at a price of RSD 4,000 a piece, while the current share price on the Belgrade Stock Exchange is RSD 1,500.

It is interesting to underline that the company also launched a tender offer for the repurchase of own shares in late 2014 at a price of RSD 2,000, when a total of 141 shares or 0.39 percent were bought back.