Serbia's Jedinstvo buys 250 own shares

Jedinstvo bought the shares on the Belgrade bourse on February 27 at an average price of 7,500 dinars ($69/64 euro) apiece, it said in a bourse filing on Wednesday.

Following the transaction, Jedinstvo owns an overall 17,187 own shares. The repurchase is part of the company's share buyback programme announced in June 2022.

Jedinstvo's share capital is divided into 232,703 shares of 1,500 dinars in par value each. The stock closed flat at 7,500 dinars on Wednesday.

On Tuesday, the head of Jedinstvo, Mica Micic, said he reduced his stake in the company to 25.4% from 31.42% in a bourse sale on February 26, and now owns 59,124 Jedinstvo shares, down from 73,124 shares. Micic's statement came after Jedinstvo announced the repurchase of another 15,457 own shares at 7,467 dinars each on February 26.

According to data from Serbia's central registry of securities, Jedinstvo's largest single shareholder is Micic with a 25.4% stake as of February 29, followed by the company itself with 7.28% and other minority shareholders with stakes of less than 6% each.

(1 euro = 117.204 dinars)