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Croatia's Adris buys back 70 own shares

Author Annie Tsoneva
Croatia's Adris buys back 70 own shares Author: Adris Grupa. License: All rights reserved.

ZAGREB (Croatia), October 7 (SeeNews) - Croatian diversified conglomerate Adris Grupa [ZSE:ADRS, ADRS2] said on Thursday it held 683,456 own shares representing 4.16% of its capital after buying back 70 of its own preferred stocks on October 5 and 6.

On Tuesday, Adris bought back seven preferred shares at a weighted average price of 418 kuna ($64.3/55.6 euro) apiece, it said in a filing with the Zagreb Stock Exchange (ZSE).

On Wednesday, it bought back 63 preferred shares at the same weighted average price of 418 kuna.

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 at 468 kuna on the Zagreb bourse on Wednesday, unchanged from the previous closing price.

Its preferred shares, which are part of the bourse's blue-chip indices Crobex and Crobex10, traded 0.72% higher at 420 kuna intraday on Thursday.

(1 euro = 7.513 Croatian kuna)