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Home World Business

Polish broadcaster TVN to buy back shares worth $44.4 million

byCustoms Today Report
06/11/2014
in World Business
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WARSAW: Polish broadcaster TVN said on Thursday it wants to buy back shares worth up to 150 million zlotys ($44.4 million), paying 20 zlotys per share.

TVN also said it would buy up to 7.5 million or 2.14 percent of its own shares, which closed Wednesday session at 15.1 zlotys each.

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TVN has already bought back 100 million zlotys’ worth of its shares in the first tranche of a 500 million zloty buyback programme. It also redeemed 35 million euros ($44 million) of bonds, booking more than half of its 2014 bond buyback target.

Tags: Polish broadcaster TVN

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