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 511 own shares, which is an amount of 0.0071% of share capital of the Company.
After stated acquisition Company has 182,232 own shares, which represents 2.55% of share capital of the Company.
Shares have been acquired by trading at the Zagreb Stock Exchange as follows:
on 18th April 2016 - 244 shares at an average price of HRK 329.50,
on 19th April 2016 - 46 shares at an average price of HRK 324.14 and
on 20th April 2016 - 221 shares at an average price of HRK 326.51 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.
PODRAVKA Inc.
Source of information:
PODRAVKA d.d.
Corporate Communications
A. Starčevića 32; HR - 48000 Koprivnica
tel. 048 653 124
fax. 048 622 008
web: www.podravka.com
e-mail: press@podravka.hr