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The CEO of Ingra, Danko Deban, is now also the largest individual shareholder

<p>Danko Deban, predsjednik uprave Ingre</p>
Danko Deban, predsjednik uprave Ingre / Image by: foto Tomislav Miletic/PIXSELL

Franjo Herceg, who until now held 6.39 percent of Ingra’s ownership, was the largest individual shareholder of the company, has sold part of his share package, causing his stake to fall to 4.68 percent. Thus, the largest individual Ingra shareholder is now Danko Deban, who is also the CEO of the company, with a stake of 5.12 percent.

At the same time, another person from the list of the ten largest shareholders, Marija Ivanić, completely exited Ingra’s ownership structure, whose stake was 1.59 percent. The share packages sold by Herceg and Ivanić at the beginning of this week at a price of 3.10 euros per share were repurchased by the company itself in a block transaction for its treasury.

The reshuffling of ownership relations in Ingra followed immediately after the company announced that it had formally exited the pre-bankruptcy settlement, initiated nine years ago, by a resolution of the Commercial Court in Zagreb. As the Court established through conducted expertise, it was determined that Ingra had settled all its obligations, i.e., satisfied the monetary claims of all creditors in accordance with the resolution on the approved pre-bankruptcy settlement.

Ingra ended a series of years marked by negative business results in 2020. Since then, its business has stabilized at seven to eight million euros in annual revenue and a profit of one to two and a half million euros. Judging by the business results in the first six months of this year, there are good prospects for the company to finish the year with better results than the previous two. In the first half of the year, business revenue amounted to 5.3 million euros, and net profit was 1.3 million. Deban’s management explained that the revenue growth is a result of increased activity on contracted contracting projects, and revenue from the lease of Arena Zagreb in the first half of the year amounted to nearly three million euros, which is approximately the same level as at that time last year.

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