August 30 (SeeNews) - Croatian real estate company Terra Mediterranea [ZSE:TRMD] said its shareholders have turned down a proposal to delist the company from the Zagreb Stock Exchange (ZSE).
All shareholders voted against the delisting plan at their August 29 meeting, Terra Mediterranea said in a bourse filing on Thursday.
The company has proposed to delist all of its 230,997 regular shares of 100 kuna ($14.9/13.5 euro) in par value each.
Terra Mediterranea shares last traded on the Zagreb bourse on June 27, 2014, plunging 76.47% to 20 kuna.
The main business activity of Terra Mediterranea is the development of luxury tourist-catering projects and projects for social purposes, such as settlements for elderly people.
The Pula-based company is active mainly on the Istrian peninsula, in northwestern Croatia.
(1 euro = 7.40522 kuna)