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Croatia's Adris buys back 90 own shares

Author Annie Tsoneva
Croatia's Adris buys back 90 own shares Maistra's hotel Lone in Rovinj. Author: Adris Grupa. License: All rights reserved.

ZAGREB (Croatia), October 11 (SeeNews) - Croatian diversified conglomerate Adris Grupa [ZSE:ADRS, ADRS2] said on Monday it held 683,546 own shares representing 4.16% of its capital after buying back 90 of its own preferred stocks on October 8.

Adris bought back the preferred shares at a weighted average price of 417 kuna ($64.2/55.5 euro) apiece, it said in a filing with the Zagreb Stock Exchange (ZSE).

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 478 kuna on the Zagreb bourse intraday on Monday, up 2.14% from the previous closing price.

Its preferred shares, which are part of the bourse's blue-chip indices Crobex and Crobex10, traded 1.20% higher at 422 kuna intraday on Monday.

(1 euro = 7.514 Croatian kuna)