At yesterday's General Meeting of Đuro Đaković Holding d.d., the Company adopted, among
others, the resolution on the increase of the Company's
share capital by way of cash
payment granting existing shareholders pre-emptive rights. Based on this resolution, the share capital of the Company can be
increased by a maximum of HRK 194.22
million. The price of new shareswill be determined in the price range HRK20 - HRK 60, depending
on investor's demand.
New shares will be subscribed in three rounds and pre-emptive
rights will be granted to existing shareholders according to the status as at
15 May 2014. In addition to existing shareholders who have subscribed for the
shares, eligible investors expressly named in the resolution adopted at the General
Meeting can also participate in the second round, i.e. all pension funds and
companies for voluntary or mandatory pension fund management based in an EU
Member State and / or OECD member country, insurance companies based in an EU
Member State and / or OECD member country, all credit institutions authorized
to perform services in an EU Member State and / or OECD member country,
including the Croatian Bank for Reconstruction and Development, open-end
investment funds and companies that manage them based in an EU Member State and
/ or OECD member country, alternative investment funds and companies that
manage them based in an EU Member State and / or OECD member country, economic cooperation
funds, and all economic cooperation fund management companies based in the
Republic of Croatia.
If the threshold for a successful New Share issue
defined in item XI of the resolution is not reached in the first and the second
round, the Management Board will publish an invitation for subscription for New
Shares in the third subscription period. The right to subscribe for the remaining
shares not subscribed for during the first and the second round, will be
granted to all existing shareholders of the Company as at 15 May 2014, regardless
of whether they participated in the first and the second round of the New Share
subscription or not.
"We are pleased with the adoption of the proposal for recapitalization, which, once
carried out, will ensure the stability of Đuro Đaković Holding and Đuro Ðaković
Group members. Funds raised through recapitalization will be used for the
restructuring of the Company and capacity building with a view to expand its business",
said Tomislav Mazal, Chairman of the Management Board of Đuro Đaković Holding,
pointing out that the recapitalization will be carried out through a public
offering of shares and will be considered successful if at least 4 000000
shares are subscribed and paid for."