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Croatia's Adris buys back 552 own shares

Croatia's Adris buys back 552 own shares Author: Adris Grupa. License: All rights reserved.

ZAGREB (Croatia), August 22 (SeeNews) - Croatia's Adris Grupa [ZSE:ADRS] said on Thursday it held 465,409 treasury shares as of August 22, representing 2.83% of its share capital.

On August 20, the diversified group bought back 202 of its shares at 464 kuna ($69.5/62.8 euro) apiece, it said in filing to the Zagreb Stock Exchange (ZSE).

The following day, the company repurchased a further 350 of its own shares at 465 kuna per share. 

Adris' ordinary shares traded at 530 kuna by 11:59 CET on Thursday on the ZSE, unchanged from Wednesday's close. 

Adris is buying back its own shares in order to distribute them to its employees and the company's management under a year-long programme that will run until June 19, 2020. 

(1 euro = 7.39276 kuna)