January 12 (SeeNews) - Croatian holding company Viro [ZSE:VIRO] said its shareholders will vote on February 28 on a proposal to delist its shares from the Zagreb bourse.
Viro does not have any major benefits from the listing of its shares, while at the same time the costs related to the listing on the capital market are significant and are seen as a burden to the company in view of the circumstances in which it operates, Viro said in an invitation to shareholders for a meeting filed with the Zagreb bourse after close of trading on Wednesday.
Those who disagree with the proposal will be eligible for a fair compensation for their shares as stipulated in the capital market law, Viro said.
Viro's shares closed 0.93% lower at 10.70 euro ($11.5) on Wednesday.
($ = 0.929 euro)