REPORTING ON THE REASONS FOR THE ACQUISITION OF OWN SHARES
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Mere knowledge that the company has acquired own shares is not always of great
importance. Information on the acquisition of own shares from dissenting shareholders
or the squeeze-out of minority shareholders is not of great importance to the users of
financial statements. In the first case, it is far more significant to disclose the significant
event that allowed dissenting shareholders to resign from the company. However, the
purchase of own shares due to certain reasons, such as the purchase of own shares at
a premium in order to influence the market value of shares, the repurchase focused on
preventing greater harm to the company, which is especially true at a time of financial
crisis, or the repurchase of own shares as a means of disbursing shareholders, is of
great importance to the users of financial statements. Therefore, modern legislation in
developed countries obliges companies to disclose a range of information regarding own
shares, including the reasons for the acquisition. The above is also proscribed by the
relevant EU directives and national legislation. The paper points out that the legal norms
governing the obligation of reporting on own shares in Serbia are not harmonized and
that most public companies in Serbia, despite the legal obligation, do not disclose the
reasons for the acquisition of own shares.