Announcement on the sale of common shares issued by "Stopanska banka" AD Bitola
Announcement on the sale of common shares issued by "Stopanska Banka" AD Bitola, which will be offered for sale on the "Macedonian Stock Exchange" AD Skopje, through a public stock exchange auction
In accordance with the provisions of Articles 137 and 138 of the Banking Law, the Governor of the National Bank of the Republic of Macedonia passed decisions on selling shares of "Stopanska Banka" AD Bitola, owned by ZK "Pelagonija" - Bitola, by the National Bank of the Republic of Macedonia
Stopanska Banka AD Bitola
Address
|
"Dobrivoje Radosavlevik" No. 21 Bitola |
Activity
|
65.12/1 - Banks |
Total number of common shares
|
390.977 |
Nominal value of one share
|
Denar 3,000.00 |
Equity
|
Denar 1,172,931,000.00 |
Shares offered for sale
|
Issuer of the shares |
Owner of the shares for sale |
Number of common shares for sale |
Particip. of the shares for sale in the total number of Banks' common shares |
Initial selling price per share in Denars |
|
„Stopanska banka“ AD Bitola |
ZK „Pelagonija“ AD Bitola |
63,381 |
16.29% |
Denar 1,484.00 |
The shares will be sold on the "Macedonian Stock Exchange" AD Skopje, through a public stock exchange auction, as follows:
- three packages of 5.43%, each package comprising of 21,127 common shares, where the sale will be done in accordance with the "all or nothing" principle.
The packages of shares will be sold at an auction which will take place on:
October 31,2013.
The initial selling price per share shall equal Denar 1,484.00
In case no one accepts the initial price at the public stock exchange auction, at the following public stock exchange auction the shares will be offered at a price 10% lower than the initial one. The 10% reduction in the selling price will continue until one or more investors indicate willingness to purchase the shares offered.
The shares offered for sale shall be paid in cash. The settlement shall be done within three days from the day the public stock exchange auction was conducted.
Participants in the public stock exchange auctions may be only those entities who obtained prior approval from the Governor of the National Bank of the Republic of Macedonia for fulfillment of the conditions necessary for becoming a shareholder in a bank and who will submit written notice to the National Bank of the Republic of Macedonia confirming that that they will pay in the funds for purchasing the shares within the deadline prescribed in this Announcement.
The conditions and the documentation necessary for becoming a shareholder in a bank are regulated in Article 13, Article 17 paragraph 1 items 5, 6, 7, 8 and 13, paragraph 2, paragraph 3, paragraph 4 and paragraph 5, and Article 18 paragraph 3 of the Banking Law ("Official Gazette of RM" No. 67/07, 90/09, 67/10 and 26/13), and Sections X and XI of the Decision on issuing approvals ("Official Gazette of RM" No. 91/07, 134/07, 139/08 and 24/11).
Each entity interested in participating in the public stock exchange auction is required to submit an application to the National Bank of the Republic of Macedonia along with the necessary documentation, by September 25, 2013 at the latest, in order to check whether the conditions for becoming a shareholder in a bank have been met and obtain the written notice confirming that the participating entity will pay in the funds for purchasing the shares within the deadline prescribed in this Announcement.
In case the auction is canceled, the overall procedure for sale of the shares shall be repeated.
Janche Lekovski
Authorized person