Home / Media and Publications / Credit Bank Zagreb Increases Share Capital by 55.55 Million Kuna

Credit Bank Zagreb Increases Share Capital by 55.55 Million Kuna

The Croatian Financial Services Supervisory Agency (Hanfa) has approved the prospectus for Credit Bank Zagreb for the issuance of up to 555,555 ordinary shares through a private offering.

By issuing these shares, with a nominal value of 100 kuna, the share capital of Credit Bank Zagreb will be increased by 55.55 million kuna, from the current 131.99 million kuna to a maximum of 187.55 million kuna. The right to subscribe for shares will be exclusively granted to shareholders of Credit Bank Zagreb who were shareholders on June 30 of this year, and each shareholder will have the right to subscribe for shares in proportion to their share in the share capital, as stated in the decision published by Hanfa on its website.

Hanfa has also approved the prospectus for the Regional Wholesale Market Rijeka-Matulji in Matulji for the issuance of up to 53,983 ordinary shares with a nominal value of 70.00 kuna. By issuing ordinary shares through a private offering, the share capital of the wholesale market in Matulji will increase from 10.14 to 13.93 million kuna, or by approximately 3.78 million kuna. The shares to be issued have a nominal value of 70.00 kuna and will be issued at a price of 79.514 kuna, with the right to subscribe held by the Republic of Croatia and the Municipality of Matulji. According to the decision of the Regional Wholesale Market Rijeka-Matulji, the share capital will be increased by a cash contribution from the Republic of Croatia in the amount of 900 thousand kuna and by the contribution of real estate owned by the Municipality of Matulji valued at 3.39 million kuna.

At this week’s meeting of its Management, Hanfa approved the prospectus for the issuance of bonds through a public offering in the total amount of 9.6 million euros, maturing in 2014. The agent and sponsor of this bond issuance is Erste&Steiermaerkische Bank, and the bond issuance will be considered successful if at least 75 percent of the planned issuance is subscribed and paid within the specified period. (H)