October 2 (SeeNews) - Bosnia's MF Banka [BANJ:IEFB] shareholders have approved the management's decision to raise its capital by 4.3 million marka ($2.4 million/2.2 million euro) via issuing 43,000 new shares of 100 marka in par value each, it said.
The decision was approved at a September 30 shareholders' meeting, MF Banka said in a filing to the Banja Luka Stock Exchange (BLSE) on Monday.
Of the total number of shares, 38,025 units will be sold to microcredit company MKD Mikrofin Banjaluka, whereas 4,975 units will go to Dutch development bank FMO, the statement said.
At present, MKD Mikrofin owns a 78.34% stake in MF Banka, FMO owns 11.57% stake, while the remaining 10% belong to German development bank KfW, bourse data showed on October 2.
The selling price of the shares in the new issue will be 128.5 marka each, MF Banka said.
The issue's success threshold is 70%.
MF Banka's shares last traded on the BLSE on May 6, 2016, closing flat at 64 marka.
(1 euro = 195583 marka)