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 629 own shares, which is an amount of 0.0088 % of share capital of the Company.
After stated acquisition Company has 193,199 own shares, which represents 2.71 % of share capital of the Company.
Shares have been acquired by trading at the Zagreb Stock Exchange as follows:
- on 04th August 2016 - 15 shares at an average price of HRK 356.00,
- on 08th August 2016 - 251 shares at an average price of HRK 359.95,
- on 09th August 2016 - 303 shares at an average price of HRK 359.95 and
- on 10th August 2016 - 60 shares at an average price of HRK 358.01 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.