Kraš’ Major Shareholder Opposes Current SBB Program Rules

Kappa Star Limited announced that they oppose the exclusion of priority rights of the existing shareholders in the share buyback program.

Kraš published a document on the Zagreb Stock Exchange in which Kappa Star Limited, the second largest shareholder of Kraš (30.0%), announced their counter proposal to the GSM regarding the share buyback program.  

Kappa Star Limited stated that they support the proposal of the Management and Supervisory Board regarding the share buyback program, however they oppose the exclusion of preemptive rights of the existing shareholders, as one of their fundamental rights.

The mentioned counter proposal is subject to approval at the GSM which will be held on 24 July 2020.

 To read more about Kraš, click here.

InterCapital
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