The buyback program relates to the repurchase of a maximum number of 15m shares, at a maximum price of RON 4 per share.

Banca Transilvania published a document on the Bucharest Stock Exchange stating that the board of directors has approved a share buyback program starting yesterday.

The mentioned buyback program relates to the repurchase of a maximum number of 15m shares (out of the 35m shares approved to be redeemed by the EGMS), at a minimum price equal to the market price from BVB from the moment of the purchase and a maximum price of RON 4 per share.

Note that the buyback program will be carried out between 19 September 2019 and 31 December 2019.