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Croatia's Adris buys back 626 own shares

Author Annie Tsoneva
Croatia's Adris buys back 626 own shares Adris Grupa's Hilton Imperial hotel in Dubrovnik. Author: Adris Grupa. License: All rights reserved.

ZAGREB (Croatia), October 4 (SeeNews) - Croatian diversified conglomerate Adris Grupa [ZSE:ADRS, ADRS2] said on Monday it held 683,386 own shares representing 4.16% of its capital after buying back 626 of its own ordinary and preferred stocks on September 30 and October 1.

On Thursday, Adris bought back 103 ordinary shares at a weighted average price of 468.6796 kuna ($72.7/62.5 euro) apiece, as well as 366 preferred shares at a weighted average price of 412.4262 kuna apiece, it said in a filing with the Zagreb Stock Exchange (ZSE).

On Friday, it bought back 98 ordinary shares at a weighted average price of 466.9796 kuna apiece and 59 preferred shares at a weighted average price of 417.5763 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 470 kuna on the Zagreb bourse intraday on Monday, up 0.43% from the previous closing price.

Its preferred shares, which are part of the bourse's blue-chip indices Crobex and Crobex10, traded 0.24% higher at 420 kuna on Monday.

(1 euro = 7.494 Croatian kuna)

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