Acquisition of own shares - Notice

Pursuant to the Capital Market Law,the Zagreb Stock Exchange Rules and Resolution on acquiring own shares by the Company  adopted on 15th February 2016, PODRAVKA Inc., Ante Starčević 32, Koprivnica, PIN: 18928523252 (Company) announces the acquisition of 667 own shares, which is an amount of 0.0093% of share capital of the Company.

After stated acquisition Company has 189,382 own shares, which represents 2.65% of share capital of the Company.

Shares have been acquired by trading at the Zagreb Stock Exchange as follows:

  • on 13th June 2016 - 260 shares at an average price of HRK 342.90,
  • on 14th June 2016 - 218 shares at an average price of HRK 340.91 and
  • on 15th June 2016 - 189 shares at an average price of HRK 341.73 per share.

The purpose of the acquisition is implementing the ESOP program and realization of the management and employees remuneration plan, compliant to the Company remuneration policy.