Following a detailed analysis of the supply and demand relationship during the public offering of shares of Pliva’s company Veterina, a selling price of 100 kuna per share has been established, resulting in a total transaction value of 184,486,000 kuna, it was announced today by Raiffeisenbank Austria (RBA), the sales and listing agent for Veterina shares on the stock exchange.
Aggregate results show that the total demand for Veterina shares was more than four times the total value of the company, of which 100% of the shares were offered to investors. After a detailed analysis of the supply and demand relationship during the public offering, a selling price of 100 kuna per share was established, resulting in a total transaction value of 184,486,000 kuna. In the public offering, under non-preferential conditions, 7,582 citizens contributed a total of 218.6 million kuna, representing a demand of 118.5% of the total transaction value, while institutional investors expressed interest in Veterina d.d. shares worth 576.2 million kuna.
In the allocation process carried out after the closing of the Book of Offers, the seller Pliva d.d. decided that nearly 63% of the total number of ordinary shares of Veterina would be allocated to institutional investors, 36% to individuals, and 1% for the needs of Veterina’s treasury. Veterina employees participated with 6% in the purchase of shares under preferential conditions, while 30% of the shares were sold to citizens who submitted purchase offers during the public offering. The allocation to all citizens who submitted offers was executed on a “pro rata” basis, so each individual received 25 percent of the amount paid.
