Hungary Richter transfers shares to employee share programme

Gedeon Richter, Hungary's leading pharmaceutical producer, has announced on Thursday that on 30 January, 2020 transferred 493,103 treasury shares to the Employee Participation Program Organization. At the current share price the package is worth HUF 3.21 billion.

After the transfer Richter holds 175,278 treasury shares and the total number of Company shares at group level held in Treasury is 180,778.

Last November and December, Richter bought back own shares in bulk. The company announced on 8 November that the goal was to repurchase up to 700,000 own treasury shares to be used in the employee share bonus programme. Between 8 November and 16 December, Richter bought back 600,000 treasury shares in the value of HUF 3.5 billion.

Richter gained 0.5% on the BSE today and is up 1.7% compared to the end of 2019.

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