March 12 (SeeNews) - Serbian mineral water bottler and hospitality firm Planinka said it plans to buy back up to 3% of its own share capital.
Planinka is offering to pay 136,000 dinars ($1.27/1.16 euro) per each of the 1,959 shares it targets, it said in a filing with Serbia's central securities depository and clearing house.
The bid will be open between March 11 and May 9, according to the statement read.
Planinka's share capital is divided into 65,284 shares of 2,760 dinars in par value each.
Its largest single shareholder is the company's director general, Radovan Raicevic, with 12.8%, while the remainder belongs to smaller shareholders with stakes of less than 6.5% each, data from the clearing house showed on March 12.
Kursumlija-based Planinka was established in 1964. The company includes mineral water bottling plant Prolom Voda and special rehabilitation hospital Prolom Banja with two thermal water health and wellness centres - Prolom Banja and Lukovska Banja.
(1 euro = 117.210 dinars)