KBC Ancora jumps 7% on 50-million-euro share buyback
23/05/2022 08:28
** Shares in KBC Ancora jump 7% after the Belgian lender
announced the start of a 50-million-euro ($52.99 million) share
repurchase programme urn:newsml:reuters.com:*:nASM000CPC
** The buyback will start on June 10 and aims to reduce the
number of outstanding shares entitled to dividends, the group
said on Friday after market closed
** Separately, the company said it would distribute an
interim dividend of 6.49 euros per share on June 9 urn:newsml:reuters.com:*:nASM000CPA
** The stock is on track for its best day since March 9
($1 = 0.9436 euros)
(Reporting by Diana Mandiá)
((diana.mandiaalvarez@thomsonreuters.com))