The company Končar Distribution and Special Transformers (D&ST) reported today via the Zagreb Stock Exchange that, by decision of the General Assembly held in mid-June, the company’s share capital is being increased by converting statutory reserves (formed from profits) from 38.34 million kuna to 76.68 million kuna by issuing 127,808 new shares.
The total number of shares after the new issuance will amount to 255,616 shares. Shareholders of the company are entitled to new shares in proportion to their participation in the existing share capital of the company, which means that each shareholder will receive one new ordinary share for each existing ordinary share, and one new preferred share for each existing preferred share. Shareholders whose securities accounts in the Central Clearing Depository (SKDD) will have the company’s shares registered on November 10 of this year have the right to new shares. The signing of the contract for the listing of the new issue shares on the Regular Market of the Zagreb Stock Exchange will be on November 8, and trading of the new issue shares will begin on November 11. (H)
