Announcement for sale of common shares issued by "Stopanska banka" ad Bitola
ANNOUNCEMENT FOR SALE OF COMMON SHARES ISSUED BY "STOPANSKA BANKA" AD BITOLA, WHICH WILL BE OFFERED FOR SALE ON THE "MACEDONIAN STOCK EXCHANGE" AD SKOPJE, THROUGH PUBLIC STOCK EXCHANGE AUCTIONS
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.
Basic data on "Stopanska Banka" AD Bitola are the following:
|
Address
|
"Dobrivoje Radosavlevik" No. 21 Bitola |
|
Activity
|
65.12/1 -Banks |
|
Total number of common shares
|
389,779 |
|
Total number of preference shares
|
1,198 |
|
Nominal value of one share
|
Denar 3,000.00 |
|
Equity
|
Denar 1,172,931,000.00 |
The shares offered for sale are the following:
|
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 8,899.00 |
The shares will be sold on the "Macedonian Stock Exchange" AD Skopje, through public stock exchange auctions, 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 auctions which will take place on the following days:
- 19.04.2010 - three packages of 5.43% will be sold, with each package comprising of 21,127 common shares;
- 20.04.2010 - packages which were not sold on the previous auction will be sold
- 21.04.2010 - packages which were not sold on the previous auction will be sold
- 22.04.2010 packages which were not sold on the previous auction will be sold, and
- 23.04.2010 - packages which were not sold on the previous auction will be sold
Initial selling price per share equals Denar 8,899.00
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 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 conforming that that they will pay in the funds 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. 67/2007,90/2009) and Sections X and XI of the Decision on issuing approvals ("Official Gazette of RM" No. 91/2007, 134/2007 and 139/2008).
Each entity interested in participating in the public stock exchange auctions is required to submit an application of the National Bank of the Republic of Macedonia with the necessary documentation, by March 01,2010 at the latest, in order to check whether the conditions for becoming a shareholder in a bank have been met.
In case the auctions are canceled, the overall procedure for sale of the shares is repeated.
The sale of auctions will be conducted by Jance Lekovski, authorized by the Governor, tel: 00 389 2 3108 224 or 00 389 2 3108 259 and e-mail: [email protected].