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CORRECTED - Croatia's Meritus Ulaganja seeks to raise up to 119 mln kuna (15.9 mln euro) in cap hike

CORRECTED - Croatia's Meritus Ulaganja seeks to raise up to 119 mln kuna (15.9 mln euro) in cap hike Croatia's M+ Grupa

ZAGREB (Croatia), June 4 (SeeNews) - In SeeNews story "Croatia's Meritus Ulaganja to seek 14 mln kuna (1.9 mln euro) in capital hike" dated June 2 please read in the headline "Croatia's Meritus Ulaganja seeks to raise up to 119 mln kuna (15.9 mln euro) in cap hike" (corrects the amount the issuer aims to raise).

Please note that the first paragraph has also been amended to comply.

A corrected version follows:

Croatia's Meritus Ulaganja [ZSE:MRUL], the parent company of business process outsourcing (BPO) services provider M+ Group, said on Wednesday it has decided to raise up to 119 million kuna (15.9 million euro) via a new share issue.

Meritus Ulaganja will offer up to 140,000 new shares for subscription at a price of 850 kuna apiece in two rounds that will take place simultaneously, it said in a stock exchange filing.

The capital increase will be considered successful if at least 122,000 new shares are subscribed and paid for.

Meritus Ulaganja's existing share capital of 85.8 million kuna is split into 857,805 ordinary shares.

The two largest shareholders of Meritus Ulaganja are local businessmen Manica Pirc Oreskovic with 29.14% and Stjepan Oreskovic with 29.13%, while the remainder belongs to smaller shareholders, bourse data showed on June 2.

Zagreb-based M+ Group is one of the largest BPO companies in the region with key clients in telecommunications, energy, and transportation, among others. It is present in Slovenia, Croatia, Bosnia, Serbia and Turkey.

Meritus Ulaganja's shares last traded on the Zagreb bourse on October 1, 2020, closing 25.4% higher at 790 kuna.

(1 euro = 7.5046 kuna)

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