Subotica Veterinary Institute acquires its own shares

The Managing Board of the Subotica Veterinary Institute has made the decision on acquisition of its own shares in the organized market. The company is going to buy 225,793 shares, that is, a total of up to 9.99% of shares.

As the law stipulates, this company will acquire its own shares in order to prevent disturbances in the securities market and a bigger and direct harm to the society. The company's statement reads that the prices at which the shares will be acquired will be determined by the Director General, based on the public information on registered trading on the Belgrade Stock Exchange and in accordance with the company's financial capacities.

After the news about the acquisition of shares was released, the price of the securities of the Veterinary Institute on the Belgrade Stock Exchange grew by 4% and reached the amount of 600 dinars at the closing of the trading. This year, a large number of domestic companies decided for a more active appearance in the capital market through acquisition of their own shares. Among them are the majority owner of the Institute - Sojaprotein, Imlek, Bambi, Tigar, Jedinstvo from Sevojno, Putevi from Uzice, and others.