The Board of Directors of Komercijalna Banka convened an extraordinary general meeting of shareholders on December 23, and the agenda will include a proposal for a decision on accepting the merger of Nova ljubljanska banka (NLB), as well as buying shares from dissenting shareholders at a price of 38 euros, the brokerage house Momentum announced.
As stated, Komercijalna Banka will issue 1.66 million new shares with a nominal value of 8.5 euros based on the merger of NLB, which will increase its capital by 9.7 percent or 14 million euros.
After the merger, the Slovenian NLB will own 89.3 percent of ordinary shares of Komercijalna banka, ie the share in the total capital of the bank will amount to 89.5 percent.
Shareholders who disagree with that decision at the Assembly will be able to ask the company to buy back shares at a book value of 38 euros, which is 14.7 percent more than yesterday’s price at the close of trading on the stock exchange of 33 euros, Danas reports.
