Croatias Atlantic Grupa to buy back up to 11,000 shares in 2013.

By bne IntelliNews February 26, 2013
Croatias Atlantic Grupa will buy back up to 11,000 shares in 2013 as part of the groups share repurchase programme, the company said in a filing with the Zagreb bourse. In line with the decision of the general assembly of Atlantic Grupa from June 17, 2010, the lowest price per share is equal to the nominal value of one share, while the highest price per share has not to exceed the average market price during 15 days prior to acquisition of shares. The highest price of the share could be increased up to 5% after the approval of the companys supervisory board. Atlantic Grupa posted a consolidated net profit of HRK 66.1mn (EUR 8.79mn) in 2012, up by 20.4%on the year.

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