Serbia takes over the equity of the company Dunav Osiguranje

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The Government of Serbia has made a decision on the transfer of the social capital of the Dunav Osiguranje Company to the Republic of Serbia, the employees and the Shareholder Fund, it was published in the Official Gazette.
As it is stated, the unpaid dividend of Dunav Osiguranje, realized on the basis of socially owned capital, amounts to 35.3 million euros and is considered social capital. In total, the social capital transferred by this decision amounts to 60.5 million euros. 42.3 million euros are being transferred to the Republic of Serbia, which will be expressed in 65 million euros shares of Dunav Osiguranje.
A maximum of 15 million euros will be transferred to employees without compensation, which will be expressed through 22.881 shares. While at least 3.02 million euros will be transferred to the Shareholder Fund, which will be expressed in 4.644 shares.
The Government of Serbia has defined that the minimum value of one share will be 5 euros. The decision created an obligation for Dunav Osiguranje to make a decision on issuing shares to employees without compensation within a month. All employees who are citizens of Serbia, ie those who were previously employed, as well as employees and former employees of the controlled companies of Dunav Osiguranje, have the right to such shares.
The right to shares that can be realized for a maximum of 35 years of time spent in employment, and is owned by pensioners.