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Croatia's Adris Grupa increases treasury stock

Author Iskra Pavlova
Croatia's Adris Grupa increases treasury stock Author: Adris Grupa. License: All rights reserved.

ZAGREB (Croatia), August 15 (SeeNews) - Croatia's Adris Grupa [ZSE:ADRS] said it held 460,857 treasury shares as of August 14, representing 2.81% of the company's share capital.

On August 12, the diversified group bought back one of its ADRS2 priority shares at 465 kuna ($70/63 euro) and on August 13 it bought 290 ADRS2 shares at 465 kuna each, it said in filing to the Zagreb Stock Exchange (ZSE) on Wednesday.

Following the transaction, Adris owns 356,882 priority shares, or 5.26% of all ADRS2 stocks plus 103,975 ordinary shares, or 1.08% of all ADRS shares.

Adris' ordinary ADRS stock last traded on Tuesday, closing flat at 540 kuna, while the preferred stock ADRS2 gained 0.22% to a closing price of 468 kuna on Wednesday when it was the most traded blue chip stock on the ZSE.

The ZSE is closed on Thursday as Croatia marks Assumption Day.

In June, Adris launched a new programme of buying back its own shares in order to distribute them to its employees and the company's management. The programme will run for a year until June 19, 2020. 

(1 euro = 7.38776 kuna)