The share once again observed a very high turnover of HRK 68.6m (71,997 shares), translating into 4.8% of share capital when looking at volume traded. Of that, 31.2% of the shares were traded at HRK 1,000 per share.

Kraš’ share price reached HRK 1,000 during yesterday’s trading, while it closed at HRK 995 per share (+17.06%). Note that this is the first time in the company’s history that it’s share was trading at a four digit number. At the current share price, the company is traded at EV/EBITDA of 14.5x.

The share once again observed a very high turnover of HRK 68.6m (71,997 shares), translating into 4.8% of share capital when looking at volume traded. Of that, 31.2% of the shares were traded at HRK 1,000 per share.

YTD Kraš Share Price Performance (HRK)

As a reminder, Kraš recently published a document on the Zagreb Stock Exchange stating that Kappa Star Limited has passed the 5% voting right threshold and has therefore confirmed media’s speculation about who is the “third-party” involved in Kraš’ takeover.

Kappa Star Limited has recently appeared in the top 10 shareholders in Kraš, however, under Raiffeisenbank Austria’s custody account, so it was not publicly known who was behind the trades. On Monday (16 September), the company breached the 5% threshold. According to the Zagreb Stock Exchange, Kappa Star Limited is currently the third largest shareholder of Kraš, with 8.75% of the total shares. As the settlement date for shares is T+2, one could expect the share increase even furhter in the near future.