December 29 (SeeNews) - Bosnian waste management company Progres Doboj [BANJ:PRGS-R-A] said on Wednesday that its CEO, Zlatko Zhakula has increased its shareholding interest in the company to 54.97%, following a buyout bid.
Zhakula bought 453,386 shares representing a stake of 30.02% of Progres' equity capital in the takeover bid and now holds 830,206 of its shares, the company said in a bourse filing.
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In November, Zhakula proposed to acquire the shares that he did not already own for 0.18 marka ($0.11/0.09 euro) apiece.
Zhakula held 376,820 shares, representing a 24.95% stake in the company before the takeover offer, Banja Luka Stock Exchange (BLSE) data showed.
Progres shares last traded on the BLSE on September 14, closing flat at 0.18 marka.
(1 euro = 1.955883 marka)