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Croatia's ZABA increases own shareholding to 0.05%

Croatia's ZABA increases own shareholding to 0.05% A ZABA office in Zagreb. Author: Djordje Daskalovic. License: All rights reserved.

ZAGREB (Croatia), June 13 (SeeNews) - Croatia's Zagrebacka Banka [ZSE:ZABA] said on Wednesday that following the latest share buyback it holds 155,821 of its own shares, representing 0.05% of the bank's issued share capital.

On June 13, the lender completed the acquisition of 12,562 of its own shares, representing 0.004% of its share capital, ZABA said in a filing to the Zagreb bourse.

On March 26, Zagrebacka Banka announced the launch of a programme for the repurchase of 60,000 of its own shares by the middle of April. On April 19, it withdrew 271,544 acquired shares, representing 0.08% of its share capital, and distributed them among its employees.

On May 24, ZABA decided to buy back a further 550,547 of its own shares by July 30. The repurchased shares will also be granted to the employees of the bank.

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