Adris Announces Prolongation of Share Buyback Program

The program will start on 21 June 2022, will last until 20 June 2023, and will include a buyback of a maximum of 944,607 shares, with a maximum value of HRK 450m.

As Adris’ previous share buyback program is going to end on 20 June 2022, the Company has published a document stating that they are launching a new share buyback program on 21 June 2022. The program will include a buyback of a maximum of 944,607 shares with a total value of HRK 450m, while like the previous program, the Company is entitled to acquire up to 10% of its share capital.

The share price at which Adris will be acquiring the shares in this buyback should not exceed or be lower than 10% of the average market price of the previous day. The buyback program will last until 20 June 2023.

We are also proud to announce that once again, Adris’ share buyback program will be conducted by InterCapital Securities.

It should also be noted that currently, Adris holds 125,831 regular shares (or 1.3% of the total), and 569,562 preferred shares (or 8.39% of the total). Combined, this would mean the Company currently owns 695,393 treasury shares, which represent 4.24% of the total share capital.

Category : Flash News

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