Acquisition of own shares - Notice

Pursuant to the Capital Market Law, the 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 370 own shares, which is an amount of 0.0051 % of share capital of the Company.

After stated acquisition Company has 190,904 own shares, which represents 2.68 % of share capital of the Company. 

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

  • on   7th July 2016 -   50 shares at an average price of HRK 334.99,
  • on   8th July 2016 - 195 shares at an average price of HRK 343.99  and
  • on 11th July 2016 - 125 shares at an average price of HRK 339.95 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.