You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Croatia's Adris increases own shareholding

Croatia's Adris increases own shareholding Author: Adris Grupa. License: All rights reserved.

ZAGREB (Croatia), June 6 (SeeNews) - Croatia's Adris Grupa [ZSE:ADRS] said it held 436,965 of its own shares as of June 5, representing 2.66% of the company's issued equity capital.

On June 3, the diversified group bought 52 of its ADRS shares for 500 kuna ($75.8/67.4 euro) apiece, it said in a bourse filing on Wednesday.

The same day, Adris purchased 8 ADRS2 units at 441.8 kuna per share.

On June 4, the company acquired 556 ADRS2 shares for 440 kuna per share. The following day, it bought 452 ADRS2 units for 442 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 = 7.41731 kuna)