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Croatia's Adris raises own shareholding to 2.96%

Croatia's Adris raises own shareholding to 2.96% Author: Adris Grupa. License: All rights reserved.

ZAGREB (Croatia), October 17 (SeeNews) - Croatia's Adris Grupa [ZSE:ADRS] held 486,969 of its own shares as of October 17, representing 2.96% of the issued share capital, it said on Thursday.

The diversified group repurchased 3,124 of its preferred shares at 498 kuna ($74.4/66.9 euro) apiece on October 16, Adris said in a filing to the Zagreb Stock Exchange (ZSE).

The Adris preferred shares traded flat at 500 kuna by 1457 CET on Thursday on the ZSE. The company's ordinary shares had not traded by that hour.

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 = 7.44305 kuna)