The price at which the majority shareholder commits to is HRK 4761.17 per share.

Liburnia Riviera Hoteli published a document in which they announced that Croatian Financial Services Supervisory Agency approved the majority shareholder, Girone Adriatic, to publish a takeover bid. The obligatory takeover bid occurred with Girone Adriatic acquiring 163,249 ordinary shares, which make up for 53.94% of Liburnian Riviera Hoteli’s shares.

Note that the price at which the company commits to is HRK 4,761.17 per share. The mentioned price is a takeover price from 11 July, at which the majority shareholder acquired 53.94% of the company. On the average price in the last 3 months (ending 12 July) amounted to HRK 3,723.03 per share. Note that the share closed on Friday at HRK 5250 per share.