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 1,142 own shares, which is an amount of 0.0160 % of share capital of the Company.
After stated acquisition Company has 194,341 own shares, which represents 2.72 % of share capital of the Company.
Shares have been acquired by trading at the Zagreb Stock Exchange as follows:
on 11th August 2016 - 306 shares at an average price of HRK 359.45,
on 12th August 2016 - 279 shares at an average price of HRK 359.79,
on 16th August 2016 - 277 shares at an average price of HRK 359.20 and
on 17th August 2016 - 280 shares at an average price of HRK 359.00 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.