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May 31, 2023 15:25 EEST
May 31 (SeeNews) - Aerodromi Republike Srpske [BANJ:AERD-R-A], the airport operator of Bosnia and Herzegovina’s Serb Republic, said on Wednesday it plans to reduce its capital to 8.8 million marka ($4.8 million/4.5 million euro) from the current 10.1 million marka.
Aerodromi RS will cancel 1,329,378 shares of 1 marka in par value each, which are owned by the company itself, it said in a bourse filing.
The company's shareholders will vote on the proposal at a meeting scheduled to take place on June 30.
Aerodromi RS previously said it plans to sell the 1,329,378 shares at a public auction, offering each share at a minimum price of 0.30 marka.
Aerodromi RS operates the airport in Banja Luka, one of the four international airports in Bosnia and Herzegovina. The others are located in Sarajevo, Tuzla and Mostar.
The Serb Republic is one of two autonomous entities that make up Bosnia and Herzegovina. The other one is the Federation.
(1 euro = 1.95583 marka)
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