May 26 (SeeNews) - Croatian hotel operator Liburnia Riviera Hoteli [ZSE:LRH-R-A] plans to hike its capital, currently at 696 million kuna ($100 million/94 million euro), to up to 724.6 million kuna via a new share issue, the company said.
The proposal will be put to the vote at a shareholders meeting on June 30, the company said in a statement with the Zagreb bourse last week.
Liburnia Riviera Hoteli plans to issue up to 12,390 new shares of 2,300 kuna in par value each.
The new share issue will be offered to all existing shareholders, and will be considered successful if at least 8,500 of the new shares are subscribed, it added.
Liburnia Riviera Hoteli's current capital is divided into 302,641 regular stocks of 2,300 kuna in par value each.
Zagreb-based Gitone Adriatic owns 71.23% of Liburnia Riviera Hoteli, followed by local firm Nova Liburnija with 25%, while the remainder belongs to smaller shareholders, bourse data showed on May 26.
Gitone Adriatic is a unit of Austria-based Gitone Beteiligungsverwaltungs, whose parent is Vienna-based Holster Privatstiftung.
Liburnia Riviera Hoteli's shares last traded on the Zagreb bourse on May 22, closing down 7.89% at 3,500 kuna.
(1 euro = 7.58192 kuna)