The minimal number of shares issued will be 15m a maximal 41m resulting in the increase of the company’s share capital from the amount of HRK 2.47m to the minimum amount of HRK 152.47m and a maximum amount of HRK 412.47m.

On Friday, Dalekovod published a public invitation to subscribe new shares in the first and second round.

This refers to the public offer of new shares, which will be carried out in the maximum of three rounds, with the exclusion of the right of pre-emption of the existing shareholders upon the subscription of new shares, which will be issued as ordinary registered shares in the nominal value of HRK 10.00 each.

The minimal number of shares issued will be 15m a maximal 41m resulting in the increase of the company’s share capital from the amount of HRK 2.47m to the minimum amount of HRK 152.47m and a maximum amount of HRK 412.47m.

In the first round of the offer, the right to subscribe new shares will be granted to existing shareholders. In the second round, new shares will be offered to all other interested investors, while the same offer will be made to +CONSTRUCTION LINE Ltd. in the third round.

It has been decided that each investor can subscribe to a minimum of 1m new shares per subscription form. Therefore, they can acquire shares with a minimum value of HRK 10m.
The maximum number of new shares each investor can subscribe to is not determined, meaning that this is the total number of shares offered (41m)

The purpose of the increase of share capital is collecting funds in order to settle the company’s liabilities towards creditors whose claims were established in a pre-bankruptcy settlement concluded between the Company and its creditors on 29 January 2014 before the Commercial Court in Zagreb.
Any excess funds would be used to finance ongoing operations.