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Atlantic Grupa to acquire up to 100,000 own shares in 2024

Feb 14, 2024, 5:01:53 PMArticle by Annie Tsoneva
share
February 14 (SeeNews) - Croatian distributor of fast-moving consumer goods and food products maker Atlantic Grupa [ZSE:ATGR] said on Wednesday that will acquire up to 100,000 own shares in 2024, in order to offer them through its share option programme to employees or employees of its associate companies.

Atlantic Grupa to acquire up to 100,000 own shares in 2024
Atlantic Grupa. Source: Atlantic Grupa

The lowest price per purchased share will not be less than the nominal value of the share, whereas the highest purchased price per share shall not exceed the average market price during 15 working days preceding the acquiring of shares, the company said in a filing to the Zagreb bourse.

The highest price of the purchased shares may be increased by up to 5%, subject to approval by the company’s supervisory board.

Shares of Atlantic Grupa traded 2.63% lower at 55.50 euro on the Zagreb bourse on Wednesday by 1534 local time.

($ = 0.933 euro)

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