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Croatia's Adris Grupa grows own shareholding to 2.95%

Croatia's Adris Grupa grows own shareholding to 2.95% Author: Adris Grupa. License: All rights reserved.

ZAGREB (Croatia), May 23 (SeeNews) - Croatia's Adris Grupa [ZSE:ADRS] said on Thursday it held 485,288 of its own shares as of May 23, representing 2.95% of the company's issued equity capital.

On May 21, the diversified group bought 300 of its ADRS2 shares at a price of 444 kuna ($66.6/59.8 euro) apiece, it said in a bourse filing.

The following day, Adris purchased 629 ADRS2 units at 443.5 kuna per share and on Thursday the company acquired 627 ADRS2s at 443.5 kuna apiece. 

Adris has been buying back its own shares for several months in order to distribute them to its employees and the company's management under a reward programme launched last year. The programme will run until June 16, 2019. 

(1 euro = 7.42886 kuna)