March 1 (SeeNews) - Shareholders of Croatian holding company Viro [ZSE:VIRO] have approved a proposal to delist its shares from the Zagreb Stock Exchange, the bourse said.
Due to the decision for delisting, Viro's shares were moved to the segment of monitoring, the bourse said in a statement on Tuesday.
In January, Viro said its shareholders will vote on February 28 on the proposal to delist its shares because the company does not have any major benefits from the listing, while at the same time the costs related to that on the capital market are significant and are seen as a burden to the company in view of the circumstances in which it operates.
On February 2, Viro said it will offer a compensation of 8.91 euro ($9.4) per share to the stockholders who reject the proposal.
Viro's shares closed 6.21% higher at 8.55 euro on Tuesday.
($ = 0.945 euro)