Bosnia's OC Jahorina plans 14.8 mln euro capital hike

OC Jahorina intends to issue 29,000,000 new shares, each with a par value of 1 marka, it said in a bourse filing last week.

The company's shareholders will vote on the proposed capital hike at a meeting on May 7.

OC Jahorina's current share capital of 32.5 million marka is divided into 32,504,292 shares of 1 marka in par value each.

The company is majority owned by the government of the Serb Republic. The Serb Republic, along with the Federation, comprises the two autonomous entities forming Bosnia and Herzegovina.

OC Jahorina's shares have not traded on the Banja Luka Stock Exchange (BLSE) in the past year.

Jahorina, the largest ski resort in Bosnia and Herzegovina, hosted the Winter Olympics in 1984 when the country was still part of former Yugoslavia.

(1 euro = 1.956 marka)