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Croatia's Adris increases holding of own shares

Croatia's Adris increases holding of own shares Author: Adris Grupa. License: All rights reserved.

ZAGREB (Croatia), September 16 (SeeNews) - Croatia's Adris Grupa [ZSE:ADRS] held 479,109 of its own shares as of September 16, representing 2.92% of the issued share capital, it said on Monday.

On September 12, the diversified group bought back 132 of its ADRS2 preferred shares at 465 kuna ($69.4/62.9 euro) apiece, Adris said in a filing to the Zagreb Stock Exchange (ZSE).

The following day, it acquired a further 19 ADRS2 shares at the same price. 

Adris' ordinary shares traded 0.91% lower at 545 kuna by 1312 CET on Monday on the ZSE, while the company's preferred shares changed hands at 466 kuna, up 0.22%. 

Adris is buying back its own shares in order to distribute them to its employees and the company's management under a year-long programme that will run until June 19, 2020. 

(1 euro = 7.39555 kuna)