• četvrtak, 04 jun 2026

MVP concluded, citizens legal owners of shares

MVP concluded, citizens legal owners of shares
The process of Mass voucher privatisation (MVP) that began on April 17, 2001, has been officially concluded today, and all citizens that invested their voucher points into some of the companies from the MVP list became legal owners of the shares that they received in exchange for their vouchers. Vice president of the Council for privatisation, Veselin Vukotic, said at the press conference today, where the results of MVP were presented, that the process was successfully concluded since more than 50 percents of Montenegrin economy was privatised. "During the period of time intended for complaints of citizens as regards the informative letters on the number of shares obtained, 562 complaints have been received which we considered as negligible because they represented 0.1 percent of the total number of those who participated in the MVP," said Vukotic. He also said that of 227 companies included in the MVP, 37 were completely privatised while in 19 of the largest and strategic companies the state retained the control package. He added that as of today, citizens who got their shares had the right to elect new managements of the companies, to participate at assemblies and to decide on distribution of annual business results, and they could trade with their shares at the stock exchange. Coordinator of the Expert coordination organ for monitoring of the MVP, Dragoljub Jankovic, reminded that one-third of citizens invested their voucher points directly into companies, while the rest entrusted the privatisation funds with them. "The Council for privatisation requested from the Expert Coordination organ to continue coordinating the activities between the Central Depositary Agency, Commission for securities and stock exchanges in the next two months in order to prevent any difficulties or possible interruption in the forthcoming period of time," said Jankovic. Expert of Barents, Milka Lukic, said that from January 30 till February 13, citizens submitted 562 letters of complaints, of which 174 were positively solved and the rest was refused because they requested later allocation or use of already receive vouchers. "The complaints regarding the wrong number of registered voucher points or the wrong name and register number of the company the citizen wanted to invest his voucher points in, were solved positively," explained Lukic. She said that after these corrections, it was concluded that more than 394,000 or 90 percents of citizens used their voucher points. Lukic said that the Regulation on the method of issuing, acquiring and use of privatisation vouchers, which would be passed at the beginning of March, would oblige the companies from MVP list to schedule and hold Shareholder assemblies within 60 days from the day they received the results of the auction from the Central Depositary Agency. "Shareholders would decide on the way of their participation in the Assembly - personally or through authorised representatives," explained Lukic. Deputy of the general director of the Central Depositary Agency, Miomir Jovanovic, announced that in the next 15 days this institution would unite the old and new lists of shareholders in the companies, and after that the trade of shares at the stock exchanges could start.

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