The mentioned buyback program started on 28 June 2019 and will last until 30 June 2020.

Arena Hospitality Group held the meetings of the Management and Supervisory Board in which the Group approved the launching of a Treasury Share Buyback Program with the intention to purchase up to 20.000 of its shares. The mentioned buyback program started on 28 June 2019 and will last until 30 June 2020.  Note that the Company is not obliged to purchase the shares at any time but will act as purchaser depending on the market conditions.  

In accordance with the decisions approving the program, the purchase price for the shares should not be above 5% or below 5% of the average market price for a share achieved during the previous trading day. The program can be executed through the trading system of Zagreb Stock Exchange (in and outside the order book).