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CY
Demetra purchases 4,130 shares in latest CSE buyback
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Cyprus Mail
Demetra Holdings Plc bought another 4,130 of its own shares this week, spending €6,091.75 as it continued the share buyback programme launched last month.
The shares were acquired at €1.475 each through the Cyprus Investment and Securities Corporation Limited (CISCO), according to the company’s latest filing.
The purchase marks a sharp increase from Friday’s transaction, when Demetra bought just 34 shares for €49.81.
Nevertheless, the shares acquired so far represent less than 0.02 per cent of Demetra’s 200 million issued shares.
Demetra shares were trading at €1.47 on Tuesday, down 0.34 per cent, giving the company a market capitalisation of approximately €294 million, according to Cyprus Stock Exchange, CSE data.