News

16.09.2008 - With the present we would like to inform ...

 
With the present we would like to inform you, that on Sept. 16th 2008 Monbat Plc continued implementing the reverse buying out program for 115 380 shares as during the stock exchange session the appointed investment intermediary BenchMark Finance AD has inserted “buy” orders at the specified minimum price of BGN 11.00 in accordance with the decision of the Management Board, dated Sept. 11th 2008. Nevertheless, the price under which the transactions were concluded on Sept. 16th 2008 was under the minimum price specified by the Management Board. The shares subject to the reverse buying out on Sept. 16th 2008 were 18 600 at the average price of BGN 10.75 as 14 000 shares were bought at prices under BGN 11.00.
Having in mind the present crisis situation on the Bulgarian Stock Exchange – Sofia JSC and with a view to continuing the implementation of the reverse buying out program, the Management Board of Monbat Plc at its session, held on Sept. 16th 2008, adopted a decision for changes in the reverse buying out, namely regarding the minimum price. From 17th 2008 to the end of the reverse buying out period in accordance with the decision adopted by the Management Board of Monbat Plc on Sept. 11th 2008, the minimum price shall be corrected to BGN 10.00.
The Management Board of Monbat Plc approves the reverse buying out transactions, dated Sept. 16th 2008 at prices under BGN 11.00.
The Management Board of Monbat Plc considers that with the undertaken actions it could be rendered support and the price of the company’s shares could be stabilized with a view to overcoming the negative market trends.