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Croatia's Adris lifts own shareholding to 3.1%

Croatia's Adris lifts own shareholding to 3.1% Author: Adris Grupa. License: All rights reserved.

ZAGREB (Croatia), November 14 (SeeNews) - Croatia's Adris Grupa [ZSE:ADRS] held 509,419 of its own shares as of November 14, representing 3.10% of the issued share capital, it said on Thursday.

The diversified group repurchased 1,994 of its preferred shares at 499.1 kuna ($73.8/67.1 euro) apiece on November 12, and a further 127 own preferred shares at 400 kuna the following day, Adris said in a filing to the Zagreb Stock Exchange (ZSE).

Adris' preferred shares traded 0.6% lower at 497 kuna by 1200 CET on Thursday on the ZSE. The company's ordinary shares did not trade by that time.

Adris has been 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 = 7.43853 kuna)