SARAJEVO (Bosnia and Herzegovina), November 8 (SeeNews) - Bosnia's Banja Luka Stock Exchange said it has delisted the shares of local brewer Banjalucka Pivara [BANJ:BLPV-R-A] following the company's transformation into a limited liability company.
The decision takes effect immediately, the stock exchange operator said in a statement on Friday.
Banjalucka Pivara said in September its shareholders have approved a plan to transform the company from a joint stock entity into a limited liability company and delist its shares from the Banja Luka bourse. Under the plan, Banjalucka Pivara's share capital divided into 1,178,655 ordinary shares and 1,524,812 priority shares will be converted into a single share held by the company's owner, Cayman Islands-based Altima UK Value Investments Limited fund.
The brewer's capital will remain unchanged at 2.7 million marka ($1.6 million/1.4 million euro).
(1 euro = 1.95583 marka)