Croatia's Dioki Cuts Equity Capital by 52%

The face value per share has been reduced to 240 kuna from 500 kuna, the company said in a statement to the Zagreb Stock Exchange. The company’s shareholders approved the operation at a meeting held on Monday. The statement did not elaborate on the reasons for the capital adjustment. Company officials were not immediately available to comment. 

Dioki’s shares were traded at 380 kuna by 1030 GMT on Thursday on the Zagreb bourse, down from a 395 kuna close on Wednesday.

They will be included in the benchmark Crobex index of the Zagreb bourse as of September 22.

(1 euro = 7.1281 Croatian kuna)