December 4 (SeeNews) - Bosnian brewer Banjalucka Pivara [BANJ:BLPV] reduced its share capital to 2.7 million marka ($1.7 million/1.4 million euro) from 22.3 million marka by cancelling all own shares acquired by the company, the Banja Luka Stock Exchange (BLSE) said.
The central registry of securities of Bosnia's Serb Republic entity informed the bourse on December 3 about the registration of Banjalucka Pivara's new share issue, reflecting its reduced capital, BLSE said in a statement on Thursday.
The trading with the newly registered shares will start on December 7, the statement read.
Banjalucka Pivara has said that its decreased capital of 2,703,467 marka will be divided into 1,178,655 class A ordinary shares [BANJ:BLPV-R-A] and 1,524,812 class B participatory-cumulative preferred shares [BANJ:BLPV-P-B], each of 1.0 marka in par value.
The company swung to a net profit of 602,000 marka in the first half of 2020, from a 1.1 million marka loss in the like period of last year, as costs fell faster than revenue.
According to BLSE data prior to the capital cut, the brewer itself owned 88% of its share capital, while the remaining 12% belonged to Altima UK Value Investments Limited.
(1 euro = 1.95583 marka)