SARAJEVO (Bosnia and Herzegovina), June 21 (SeeNews) - Bosnian property management company Dubicki Robni Magazin [BANJ:DBRM-L2] is inviting investors to subscribe for its new share issue, seeking to raise 2.2 million marka ($1.2 million/1.1 million euro), it said on Tuesday.
The company is offering to existing shareholders 2,200,000 ordinary shares at a price of 0.50 marka per share, half their par value of 1 marka, it said in a statement.
Any shares that remain unsubscribed will be offered to new investors at a price that will be set on the stock exchange according to the principle of multiple prices, Dubicki Robni Magazin said.
The subscription period for existing investors starts on June 30 and will close on July 14. The issue will be considered successful if at least 60% of the new share issue is subscribed for.
Dubicki Robni Magazin decreased its capital to 394,500 marka from 7.8 million marka in March by canceling 7,438,737 shares of 1 marka in par value each. The company's current capital is split into 394,500 shares of 1 marka in par value each.
The company's shares have not traded on the Banja Luka Stock Exchange (BLSE) in the past year.
(1 euro = 1.95583 marka)