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Croatia's Adris buys back 939 own shares

Author Annie Tsoneva
Croatia's Adris buys back 939 own shares Maistra's hotel Monte Mulini in Rovinj. Author: Adris Grupa. License: All rights reserved.

ZAGREB (Croatia), September 15 (SeeNews) - Croatian diversified conglomerate Adris Grupa [ZSE:ADRS] said on Wednesday it held 681,978 own shares representing 4.15% of its capital after buying back 939 own ordinary and preferred stocks on September 13 and 14.

On Monday, Adris bought back 67 ordinary shares at a weighted average price of 460 kuna ($72.7/61.5 euro) apiece, as well as 217 preferred shares at a weighted average price of 418 kuna per share, it said in a filing with the Zagreb Stock Exchange (ZSE).

On Tuesday, the company bought 250 ordinary shares at a weighted average price of 468 kuna and 405 preferred shares at a weighted average price of 416.8765 kuna per share.

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 on the Zagreb bourse on Tuesday, when they closed 2.17% higher at 470 kuna.

Its preferred shares, which are part of the bourse's blue-chip indices Crobex and Crobex10, traded at 418 kuna intraday on Wednesday, up 0.24% from the previous closing price.

(1 euro = 7.480 Croatian kuna)

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