HANFA - Croatian Financial Services Supervisory Agency (CFSSA)

Ul. Franje Račkog 6

HR - 10 000 Zagreb

HANFA - Central register of prescribed information (SRPI)

Zagreb Stock Exchange

Ivana Lučića 2a

HR - 10 000 Zagreb

HINA - Croatian News Agency

ots@hina.hr

SECURITY:

ADRS (ADRS-R-A); ISIN: HRADRSRA0007

ADRS2 (ADRS-P-A); ISIN: HRADRSPA0009

STOCK-EXCHANGE LISTING

Zagreb Stock Exchange, regular market

LEI:

3157003OO9IA06S5FS61

HOME MEMBER STATE:

Republic of Croatia

In Rovinj, June 15, 2022

Inside information

Subject: Adris grupa share buy-backprogramme

Dear Sirs,

Adris grupa d.d., with its registered office in Rovinj (City of Rovinj - Rovigno), Vladimira Nazora 1, OIB: 82023167977 (hereinafter: the "Company"), in accordance with the Capital Market Act and the Rules of the Zagreb Stock Exchange, and in accordance with the General Assembly Decision of 11 June 2019, by which the Management Board of the Company is authorized to acquire treasury shares for a period of 5 years from the date of this Decision, hereby notifies the launch of a (new) share buy-back programme starting from 21 June 2022 up to June 20, 2023.

More information on the share buy-back programme is attached to this notice.

Respectfully yours,

Adris grupa d.d.

Adris grupa d.d. / Obala Vladimira Nazora 1 / 52210 Rovinj, Hrvatska

tel.: +385 (0)52 801 000, 801 122; fax: +385 (0)52 813 587 / adris@adris.hr / www.adris.hr

Adris grupa d.d. with its registered office in Rovinj, Vladimira Nazora 1, ("Adris" or "the Company") hereby

announces a program for the repurchase of treasury shares of the stock exchange code ADRS and ADRS2

("Programme"). Adris is launching a buy-back programme with the intention of acquiring up to a maximum

of 944.607 shares ("Shares") with a monetary amount allocated to the program in the amount of HRK

450,000,000. The Programme will be completed by June 20, 2023, at the latest.

The Programme is implemented with the aim of offering the same offers for sale and / or for remuneration of

employees and management of the Company and its affiliates, in accordance with the decision of the General

Assembly of June 11, 2019 ("Decision of the General Assembly").

The Company plans to buy back its treasury shares on the regulated market of the Zagreb Stock Exchange.

The execution of the share buy-back programme depends on market conditions and strategic decisions of

Adris, and may be changed, abandoned or in any way adjusted during the anticipated conditions of its

duration. This Programme does not regulate the purchase of treasury shares through organized tender offers

on the Zagreb Stock Exchange.

GENERAL INFORMATION ABOUT THE SHARE BUY BACK PROGRAMME

DURATION

The share buy-back programme will commence on June 21, 2022, and end on June 20, 2023, at the latest.

Adris is not obliged to repurchase its treasury shares at any time but will act as a buyer depending on the

market conditions.

MAXIMUM NUMBER OF

944.607

SHARES

MONETARY AMOUNT

450.000.000,00 HRK

TRADING VENUE

The Programme envisages repurchase of treasury shares on the regulated market of the Zagreb Stock

Exchange. When purchasing Shares, the trading modalities provided by the Rules of the Zagreb Stock

Exchange will be used, including block transactions.

REPURCHASE

In line with the Decision of the General Assembly, the Management Bord is authorized to buy back up to

PRICE

10% of the Company share capital, including the treasury shares it already holds. The share price at which

the treasury shares may be bought should not exceed or be lower than 10% of the average market price of

the previous day.

TOTAL NUMBER OF SHARES

OWN SHARES

16.400.000

On the announcement day, The Company owns 125.831 treasury shares class ADRS, representing 1,30 % of that class and 569.562 treasury shares class ADRS2, representing 8,39 % of that class, i.e. total of 695.393 treasury shares, representing 4,24 % of the Company share capital.

PROGRAMME ARRANGER

INTERCAPITAL securities ltd.

Intercapital will, on behalf of Adris, be the only member of the stock exchange to offer prices for the Shares in the context of the Programme. Furthermore, the buy-back programme is managed by Intercapital as an investment company that will make decisions on the purchase of Shares independently and without any influence of the Company in terms of time share purchase price (including during closed (lock-up) periods), except for restrictions provided by the Decision of the General Assembly. Decisions on trading with regard to time and execution of trading orders will be based on Intercapital's independent decisions.

ANNOUNCEMENT

Adris will publish the prescribed information on transactions related to the buy-back programme on the

Company's website, the Zagreb Stock Exchange website and in the Official register of prescribed information

at HANFA.

NOTE

This Programme was approved by the Management Board of the Company on June 15, 2022 and was

made in accordance with the Decision of the General Assembly.

Adris grupa d.d. / Obala Vladimira Nazora 1 / 52210 Rovinj, Hrvatska

tel.: +385 (0)52 801 000, 801 122; fax: +385 (0)52 813 587 / adris@adris.hr / www.adris.hr

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Adris grupa dd published this content on 15 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2022 13:12:10 UTC.