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Croatia's Adris buys back 185 own shares

Author Annie Tsoneva
Croatia's Adris buys back 185 own shares Maistra's hotel Monte Mulini in Rovinj. Author: Adris Grupa. License: All rights reserved.

ZAGREB (Croatia), October 21 (SeeNews) - Croatian diversified conglomerate Adris Grupa [ZSE:ADRS, ADRS2] holds 683,923 own shares representing 4.17% of its capital after buying back 185 of its ordinary and preferred stocks on October 19 and 20, the company said on Thursday.

On Tuesday, Adris bought back 90 ordinary shares at a weighted average price of 470 kuna ($72.9/62.6 euro) apiece, it said in a filing with the Zagreb Stock Exchange (ZSE). On Wednesday, it repurchased 95 preferred shares at a weighted average price of 424 kuna apiece.

Adris launched a new one-year share repurchase programme on June 18, when the company held 672,935 own shares representing around 4.10% of its share capital.

The overall value of the new programme is set at 450 million kuna, with the repurchased shares to be distributed to Adris employees and management.

Adris ordinary shares traded at 468 kuna on the Zagreb bourse intraday on Thursday, down 0.43% from the last closing price.

The company's preferred shares, which are members of the bourse's blue-chip indices Crobex and Crobex10, traded at 421 kuna intraday on Thursday, down 0.71%.

(1 euro = 7.508 Croatian kuna)