Aminess increases its share capital by more than 10 times and issues over eight million new shares

The tourism group Aminess recently sent a notice to its shareholders for an extraordinary General Assembly of the company to be held on June 30, and what particularly ‘caught the eye’ of the shareholders who forwarded this notice to us is the proposal to increase the share capital and issue new shares of the company.

As stated in the notice, the group aims to increase its share capital from €3,964,333.80 to €41,964,330.88 by issuing up to a maximum of 8,407,079 new ordinary shares.

This notice was received by Lider from a reader who is a minority shareholder in the tourism group, and what concerns him is, he says, the fact that they did not send notices directly to shareholders but ‘only complied with the legal minimum and did not communicate publicly’. As he stated, shareholders need to know what is happening in the company.

‒ I believe it is in the interest of the numerous shareholders of Aminess d.d. to be promptly publicly informed about the mentioned proposal for a significant corporate action so that they can timely exercise their, above all, ownership (and voting) rights and participate in the capital increase to maintain their existing ownership stakes in the company’s capital, in case the mentioned item is voted on at the assembly and the recapitalization process occurs ‒ he stated.

We sent an inquiry to one of the largest tourism groups in Croatia regarding the increase in share capital by more than ten times, and we convey their response in full.

‒ The proposal to increase the share capital was made to further strengthen the balance sheet and create solid preconditions for further development either through acquisitions or through the development of its own capacities with the aim of strengthening competitiveness and positioning in the market, with an emphasis on sustainable tourism, which remains a key priority for Aminess. Shareholders have been timely informed in accordance with legal regulations, by publishing the notice on the court register pages and on the corporate pages of the Company. According to the proposal of the decision, all existing shareholders will have the right to participate in the increase of share capital ‒ they report from Aminess.

The company achieved a total annual revenue of €38.59 million and a profit of €3.92 million in 2022.