Information about own shares (Capital Market Act, Article 474)

Pursuant to Article 474 (3) of the Capital Market Act, Tankerska Next Generation Shipping Joint Stock Company (hereinafter: Company or TNG), publishes the following information regarding its own shares:

  1. As per April 30th, 2020 the Company holds 26,323 of its own shares, representing 0,3014% of the Company’s share capital;

  2. The Company did not acquire its own shares during 2019. During the year 2020, the Company acquired 13,123 treasury shares in the period from February 24th, 2020 to March 31st, 2020, in accordance with the adopted Share Buy-Back Programme. The primary reason for acquiring treasury shares is to create added value for its shareholders and, among other things, to improve the liquidity of the Company's shares.

  3. The shares were acquired in accordance with the resolution adopted by the Annual General Meeting of Shareholders held on June 10th, 2016.

  4. The Share Buy-Back Programme was adopted by decision of the Management Board of the Company held on February 21st, 2020. The Program commenced on February 24th, 2020 and will expire on February 24th, 2021, at the latest. Detailed information about the mentioned Programme can be found at the following link: https://zse.hr/default.aspx?id=95448

  5. There is no employee stock option programme in place in the Company. 

This information is publicly available on the Company's web page www.tng.hr, on ZSE, in CFSSA's Official Register and is published via HINA service.

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