General information

PLAVA LAGUNA joint stock company for hospitality and tourism

Headoffice: Rade Končara 12, 52440 Poreč, Croatia

Registered in the Commercial Court of  Pazin under registration no. / MBS 040020834

Share capital: HRK 1.444.530.057,18 divided into 2.197.772 ordinary shares of no par value and 420.000 preference shares with a nominal value of HRK 250,00.

The share capital is fully paid

PIN No. / OIB: 57444289760

VAT Tax Identification Number: HR57444289760

Bank accounts: 

PRIVREDNA BANKA ZAGREB d.d. Zagreb IBAN: HR1623400091100017577
ZAGREBAČKA BANKA d.d. Zagreb IBAN:HR7923600001101325211
ERSTE & STEIERMARKISCHE BANK d.d. Rijeka IBAN: HR8124020061100389462
ADDIKO BANK d.d. Zagreb IBAN: HR7325000091101010729
RAIFFEISENBANK AUSTRIA d.d. Zagreb IBAN: HR3124840081135054215
ISTARSKA KREDITNA BANKA d.d.Umag IBAN: HR7323800061110009038

E-mail: mail@plavalaguna.com

Phone +385 52 410 101

Fax: +385 52 451 044

About us

Plava laguna is a company backed by more than 60 years of successful operation and development, based on ecological principles and sustainable development, during which it has continually taken a leading position in Croatian tourism, by permanently improving its overall offer and also adapting to the needs of the increasingly demanding tourism market. Our accommodation portfolio includes 20 hotels, 11 apartment villages, 9 campsites or a total capacity of 16,219 accommodation units.

Plava laguna employs around 3,000 people at the peak of the tourist season, of whom more than half in one of the forms of cooperation for an indefinite period of time, and generates revenues at the level of HRK 1,186,085,009.00. In our accommodation, refined and adjusted to guests through permanent investments, we can accommodate over 43 thousand guests per day (Poreč, Umag, Rijeka) and thus achieve over 4.8 million overnight stays annually. We also have 360 berths in two marinas and a series of food and beverage, sports and other facilities that complete our basic offer and services. In addition to our 19% market share in overnight stays in Istria and 5.7% in Croatia, we own licenses for sporting events such as Croatia Open Umag, ATP tournament, and Ironman 70.3. Poreč – Istra, Croatia race.

Historical development

Company Plava laguna (Laguna Poreč) was founded in 1957 as a company for hospitality and tourism and it is one of the first tourist companies in Croatia.

New  changes with the beginning of 1991 were provoked with the entry into force of the Transformation of Socially Owned Enterprises Act, which started the process of privatization in Croatia and thus in Laguna Poreč. On 3rd of September, 1992 pursuant to the Decision of the Agency for Restructuring and Development and the decision of the Constituent Assembly, Laguna Poreč was transformed into a joint stock company, and on the 26th of January, 1993 it was officially registered with the Commercial Court in Rijeka. Plava laguna finally rounds up its legal constitution in February 1996 by the adjustment of the fundamental documents of the Company with the Companies Act and with the act of registration in the register of the Commercial Court in Rijeka as Plava laguna, joint stock company for hospitality and tourism, the company also returned to its historical name.

Since 2000 Plava laguna has a stable ownership structure, when the Luksic Group acquires a majority stake in it, through company Sutivan investements Anstalt. 

During 2001, acquisitions of several companies were made as well. Thus, Plava laguna j.s.c. acquired 89,40% shares in Hoteli Croatia j.s.c. Cavtat and 90,48% shares in Adriatic j.s.c. Poreč. Given the portion of the share in the original capital,  Adriatic j.s.c. was merged with Plava laguna j.s.c. on the 1st of October, 2002, which in that way also extended its offer on the nautical tourism segment. With the recapitalization of the company Hoteli Croatia j.s.c. in  2003, ownership share of Plava laguna j.s.c. increased to 92,28%.

During 2012, all necessary preparations were completed for the merger of the company Hotel Bonavia j.s.c. Rijeka with the j.s.c. Plava laguna, with the legal effect  from the 1st of January, 2013 with which Plava laguna further enriches its portfolio  with a 4* category hotel of a different business type.

As of the 1st of January, 2014 the merger was completed of the hotel portfolio Luksic Group in the area of Dubrovnik, with which a new company was established called  Jadranski luksuzni hoteli j.s.c. (Adriatic Luxury Hotels) Dubrovnik. In the process of the merger, Hoteli Croatia j.s.c. Cavtat was merged.

Towards the end of November 2014  the seller Zagrebačka banka j.s.c. and Plava laguna j.s.c. concluded the sale and purchase transaction concerning shares of the company Istraturist Umag j.s.c., where Plava laguna acquired 4.349.400 ordinary shares of Istarturist representing 93.04 % of Istraturist’s share capital. Thus the new Plava laguna group increased its capacity to over 42 thousand beds.

On January 1, 2018 Istraturist Umag d.d. Umag was annexed to the company Plava laguna d.d. Poreč based on the Merger Agreement concluded on the the 29 June 2017 and the decisions of the General Assembly of both companies on 11 August 2017.
Plava Laguna became the universal legal successor of all the assets, rights and obligations of the former Istraturist.

In September 2022, Plava laguna exchanged and sold its ownership share in Jadranski luksuzni hoteli/Adriatic Luxury Hotels j.s.c. of 32.48% in exchange for the acquisition of the ownership share in Hotel Croatia j.s.c. of 65.5%. With this acquisition, the ownership share of Plava laguna in the company Hotel Croatia increases to 97.98% while at the same time Plava laguna completely exited from the Adriatic Luxury Hotels.  

Ownership structure on June 1st, 2023

ORDINARY SHARES

PREFERENCE SHARES

SUPERVISORY BOARD
The Supervisory Board consists of seven members, six of whom  are elected by the General Assembly, and the seventh member of the Supervisory Board is a representative of the workers of the employer and is appointed by the Workers' Council according to the procedure provided for by the law.

Members of the Supervisory Board are elected for a term of four years. The term of office for each member of the Supervisory Board shall begin on the date of the election.

Members of the Supervisory Board whose  term of office ends on 29 August 2025:

1. DAVOR LUKSIC LEDERER
- Chairman of the Supervisory Board of the Company from 20 September 2011

2. PATRICIO TOMAS BALMACEDA TAFRA
- Deputy Chairman of the Supervisory Board of the Company from 5 October 2006 and Member of the Supervisory Board from 13 January 2003

3. DAVOR DOMITROVIĆ
- Member of the Supervisory Board of the Company from 20 September 2011

4. PAUL MARIE FRANCOIS JEAN RENE' LE BAULT de LA MORINIERE
- Member of the Supervisory Board of the Company from 29 April 2022

5. NEVEN STAVER
- Member of the Supervisory Board of the Company from 23 December 2019

6. CHRISTIAAN PAUL DIJK
- Member of the Supervisory Board of the Company from 04 May 2023

7. MARICA KURTEK
- Member of the Supervisory Board of the Company from 23 December 2019

In order to improve the corporate governance and business transparency, the Supervisory Board has established two subcommittees – Audit Committee and Remuneration Committee. Below are the terms of reference defined for each committee:

Audit Committee acts in accordance with the Audit Act, Regulation (EU) No. 537/2014, Corporate Governance Code of Zagreb Stock Exchange j.s.c. and Croatian Financial Services Supervisory Agency as well as other applicable regulations, as an advisory body authorised to monitor financial reporting procedures, the effectiveness of the internal control, internal audit and risk management systems, oversee the implementation of statutory audit of consolidated annual financial reports and report to the Supervisory Board on the results of the  statutory audit, monitor the independence of independent auditors or audit companies performing audits, give recommendations to the Supervisory Board for the selection of independent auditors or audit companies,  and other tasks to support the Company's accounting and to establish good and quality internal control in the Company.  

Remuneration Committee acts in accordance with the Corporate Governance Code of Zagreb Stock Exchange j.s.c. and Croatian Financial Services Supervisory Agency, Remuneration policy for members of the Management Board of 20 July 2020 as well as other applicable regulations, as an advisory body authorised to make recommendations to the Supervisory Board concerning the remuneration policy for members of the Management Board and for members of the Supervisory Board, to make annual recommendations concerning remuneration to be received by members of the Management Board based on the assessment of Company results and their personal results, to oversee the amount and structure of remunerations for upper management and employees as a whole, and to oversee the preparation of the report on remunerations. 

Plava Laguna d.d. is a member of Croatian Tourism Association.