Ledo announced today that the issuance of new shares was successfully completed with 100% success – all 93,750 offered new ordinary shares were subscribed and paid at a price of 8,000 kuna, totaling 750 million kuna.
Most of the issuance was subscribed by pension funds, accounting for about 70% of all subscribed shares, and other institutional investors participated as well – insurance companies, investment funds, brokerage firms, Ledo reported via the Zagreb Stock Exchange.
The deadline for payment execution expired today at 12 PM, and it was confirmed that all subscribers made the payment for the shares. In this way, 8,000 kuna was paid for each share, amounting to a total of 750 million kuna, Ledo states, emphasizing that the issuance of shares was conducted with 100% success.
The new shares have a nominal value of 380 kuna, thus Ledo’s share capital will increase by 35.6 million kuna, from 83.66 million kuna to 119.28 million kuna. The share capital will be divided into 313,920 ordinary shares, with a nominal value of 380 kuna.
The prospectus for the listing of the newly issued shares on the Zagreb Stock Exchange is planned to be submitted for approval to Hanfa by the end of December at the latest, and the listing of the newly issued shares on the Exchange will follow after Hanfa approves the prospectus, Ledo emphasizes. As previously announced, Ledo aims to raise funds through capitalization to purchase Frikom from Belgrade and Ledo Podgorica from Agrokor.
