December 9 (SeeNews) - Croatian shipping company Tankerska Plovidba requested Croatia's central depository on Friday to obtain from minority shareholders 241,130 shares in peer Tankerska Next Generation [ZSE:TPNG] it still does not own after a recent buyout bid, the law firm representing Tankerska Plovidba for the transaction said.
The remaining minority shareholders of Tankerska Next Generation are being offered a compensation of 78 kuna ($10.9/10.3 euro) per share, the law firm Mamic, Peric, Reberski, Rimac said in a statement to the Zagreb bourse.
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The proposed price is equal to that in the recent buyout bid in which Tankerska Plovidba acquired 508,665 shares representing a stake of 5.82% of Tankerska Next Generation's equity capital. Following the buyout bid, Tankerska Plovidba now holds 97.24% of the capital of Tankerska Next Generation.
The capital of Tankerska Next Generation totals 436.7 million kuna, distributed in 8,733,345 shares without a set par value.
Tankerska Next Generation is a member of the main equity index of the Zagreb bourse, the CROBEX. However, the Zagreb bourse decided earlier this week to drop it from the index as of December 15 because following the buyout bid the free-float factor of Tankerska Next Generation shares decreased from 48.14% to 2.76%.
Tankerska Next Generation's shares surged 9.32% to close at 77.40 kuna on Friday on the Zagreb bourse.
(1 euro = 7.555 Croatian kuna)