Albena AD commences an Equity Buyback Plan for 20,000 shares, representing 0.47% of its issued share capital, under the authorization approved on March 15,2023.

Albena AD (BUL:ALB) commences share repurchases on May 11, 2023, under the program mandated by the shareholders in the Annual General Meeting held on March 15, 2023. As per the mandate, the company is authorized to repurchase up to 20,000 shares, representing 0.47% of its issued share capital. The minimum price which may be paid for each share is 15 Bulgarian Levs and the maximum price which may be paid for each share is 29 Bulgarian Levs.

The authorization is valid till the end of 2025.