March 4 (SeeNews) - Bosnian grain mill products manufacturer Mlinpek Prnjavor [BLSE:MLRS] said on Monday it is inviting investors to subscribe for a new share issue planned in the amount of 4.58 million marka ($2.5 million/2.3 million euro).
The company is offering 4,583,333 ordinary shares of 1 marka in par value each to investors on the Banja Luka Stock Exchange (BLSE), it said in a statement.
The subscription period starts on March 11 and will close 22 days later.
The shares are first offered for subscription to existing shareholders on record as of December 12, at a price of 0.24 marka per share. These shareholders will be able to use their pre-emptive rights for a period of 15 days.
Any unsubscribed shares will then be offered to other interested shareholders. The price for these shares will be set on the stock exchange, according to the principle of multiple prices.
The issue will be considered successful if at least 60% of the new shares are subscribed for.
The company's current capital of 2.5 million marka is divided into 2,528,107 shares of 1 marka in par value each.
Its shares have not traded on the BLSE in the past year.
(1 euro = 1.956 marka)