February 2 (SeeNews) - Croatian holding company Viro [ZSE:VIRO] said on Thursday it will offer a compensation of 8.91 euro ($9.79) per share to the stockholders who disagree with a proposal to delist its shares from the Zagreb Stock Exchange (ZSE).
The amount of the compensation is set according to the average weighted price of the shares traded during October 11, 2022 - January 11. 2023 this year, the company said in a bourse filing.
Viro does not have any major benefits from the listing of its shares, while the costs related to the listing are significant and are seen as a burden to the company in view of the circumstances in which it operates, Viro said earlier in an invitation to a shareholders' meeting on February 28, when they would vote on the proposed delisting.
Viro's shares last traded on the ZSE on Wednesday, when they closed flat at 8.35 euro.
($ = 0.910 euro)