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Croatia's Adris buys back 192 own shares

Author Annie Tsoneva
Croatia's Adris buys back 192 own shares Author: Adris Grupa. License: All rights reserved.

ZAGREB (Croatia), October 14 (SeeNews) - Croatian diversified conglomerate Adris Grupa [ZSE:ADRS, ADRS2] said it held 683,738 own shares representing 4.16% of its capital after buying back 19 of its own ordinary and preferred stocks on October 11 and 12.

On Monday, Adris bought back 72 preferred shares at a weighted average price of 417 kuna ($64.2/55.4 euro) apiece, it said in a filing with the Zagreb Stock Exchange (ZSE) late on Wednesday.

On Tuesday, it bought 120 shares at a weighted average price of 475.50 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 last traded traded at 476 kuna on the Zagreb bourse on Tuesday, down 0.42% from the previous closing price.

Its preferred shares, which are part of the bourse's blue-chip indices Crobex and Crobex10, closed at 422 kuna on Wedesday, up 0.96% from Tuesday's closing price.

(1 euro = 7.520 Croatian kuna)