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Bosnia's Banjalucka Pivara to delist from bourse

Bosnia's Banjalucka Pivara to delist from bourse Sidarta/

SARAJEVO (Bosnia and Herzegovina), September 15 (SeeNews) - Bosnian brewer Banjalucka Pivara [BANJ:BLPV-R-A] said on Wednesday its shareholders have approved a proposal that will see the company transform from a joint stock company to a limited liability company and delist from the Banja Luka Stock Exchange.

The company has dismissed the board of directors and will withdraw its shares from the Central Securities Depository, it said in a bourse filing.

Banjalucka Pivara's 1,178,655 ordinary shares and 1,524,812 priority shares will be converted into one share held by the company's owner, fund Altima UK Value Investments Limited, which amounts to 100% of the company's share capital.

The total share capital will remain unchanged at 2.7 million marka ($1.6 million/1.4 million euro).

The Banja Luka Stock Exchange said it temporary halted trading in Banjalucka Pivara's shares until the legal procedure is finished.

Altima UK Value Investments Limited is based on the Cayman islands.

(1 euro = 1.95583 marka)