Bulgaria’s Telelink Business Services Group, or TBS Group, [BUL:TBS] said that it repurchased 23,500 own shares on June 5 as part of its ongoing share buyback programme.

Following the transaction, TBS Group held 29,530 shares, representing 0.2362% of its equity capital, the company said in a stock exchange filing on Monday.

In June 2021, TBS shareholders approved changes to a programme from 2020, allowing the company’s management to make decisions for the repurchase of up to 10% of its equity capital, or 3% per year. The share buyback will end on June 30 this year, with TBS Group paying between 7.4 levs ($4.04/3.78 euro) and 20 levs per share for the repurchases.

Under the current leg of the programme, TBS Group aims to repurchase up to 42,000 own shares, or 0.336% of its equity capital.

Shares in TBS Group last traded on Monday when they closed at 9.40 levs on the Bulgarian Stock Exchange, bourse data show.