Igalo, (MINA-BUSINESS) – Shareholders of the “Simo Milosevic” Institute in Igalo will discuss a decision on issuing common shares of the company through a public offering at an extraordinary Shareholders’ meeting scheduled for 21 October.

According to the decision Institute will offer shares to existing shareholders on the basis of pre-emptive rights.

“The offering will be carried out through subscription and payment of shares in a maximum of two rounds, with existing shareholders enjoying pre-emptive rights in the first round, in accordance with the Law on Business Organizations. A second round will be conducted if all shares are not subscribed and paid for in the first,” the draft decision states.

The company’s total share capital amounts to €59.24 million, divided into 382,350 shares with a nominal value of €154.94 each.

“The size of the issue envisaged by this decision amounts to €23.56 million, divided into 152.070 shares,” the decision specifies.