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Croatia's Adris Grupa lifts own shareholding to 3.6%

Croatia's Adris Grupa lifts own shareholding to 3.6% Author: Adris Grupa. License: All rights reserved.

ZAGREB (Croatia), March 24 (SeeNews) - Croatia's Adris Grupa [ZSE:ADRS] held 588,524 of its own shares as of March 24, representing 3.58% of the issued share capital, it said on Tuesday.

The diversified group repurchased 292 of its ordinary shares at 398.1 kuna ($56.6/52.3 euro) apiece on March 23, and a further 1,200 own preferred shares at 312 kuna the same day, Adris said in a filing to the Zagreb Stock Exchange (ZSE).

Adris preferred shares traded 0.32% higher at 313 kuna by 1331 CET on Tuesday on the ZSE. The company's ordinary shares traded at 408 kuna, up 0.49%.

Adris has been buying back its own shares in order to distribute them to its employees and the company's management under a year-long programme that will run until June 19, 2020. 

(1 euro = 7.60738 kuna)