The Serbian dairy Mlekara Subotica, which is controlled by the management company Salford, has repurchased 10,000 of its own shares at the price of RSD 1,100 a piece.
This company planned to acquire 3,000 of its shares through pro-rata offer, but has bought 7,000 pieces more.
The company’s current market cap is RSD 2.54bn (EUR 24.5m) and its shares has lost 33.3% in value since the start of this year. Subotica dairy plans revenues of RSD 3.5 in 2011, while its last year's revenues and net profit amounted to RSD 3.3bn and RSD 41.9m, respectively.
| 
| 
