The General Assembly of INA will decide on the proposal for the issuance of convertible bonds, and according to the previously published invitation and agenda proposal, the Management proposes the issuance of convertible bonds that grant the right to exchange for shares, in the amount of 1.5 billion kuna.
The General Assembly has also been proposed a decision on the exclusion of preemptive rights in the subscription of convertible bonds, which would establish that the majority shareholders of INA – MOL and the Republic of Croatia have the right to subscribe to the convertible bonds. The regular General Assembly of INA will also consider the reports on the business operations in the previous year, and it needs to make a decision on covering last year’s loss of INA d.d. According to the proposal of that decision, last year’s loss of INA in the amount of 631.3 million kuna would be covered from retained earnings in the amount of 343.4 million kuna, and the remaining 287.9 million kuna from other reserves of the company. (H)
