Serbia's NBB Nekretnine buys back 3,060 own shares

The shares were acquired on the Belgrade Stock Exchange on April 9, the company said in a bourse filing.

Last month, NBB Nekretnine said it is launching a bid to repurchase up to 10% of its own shares, offering to pay 400 dinars ($3.6/3.4 euro) per each of its 36,566 own shares it was targeting.

In October, the company cancelled 34,337 of its own shares representing a stake of 8.58%, thus reducing its equity capital to 365.668 million dinars divided into 365,668 shares of 1,000 dinars in par value each.

Belgrade-based firm Gigavit DOO owns some 85.6% of NBB Nekretnine, followed by Delta Holding's unit Delta Real Estate, with 0.97% and NBB Nekretnine itself with 0.84%, while the remainder belongs to other minority shareholders, data from Serbia's central clearing and depository house showed on April 12.

(1 euro = 117.115 dinars)