August 17 (SeeNews) - Croatian water utility Vodoprivreda Zagreb [ZSE:VDZG] said its shareholders will vote on a proposal to delist its shares from the Zagreb bourse at a meeting scheduled for September 28.
Those who disagree with the proposal will be able to get a fair compensation for their shares as envisaged in the capital market law, Vodoprivreda Zagreb said in a filing to the Zagreb Stock Exchange (ZSE) last week.
It did not elaborate on the reasons for the planned delisting.
The company is active in the construction and maintenance of water resources and green areas in the capital Zagreb.
Businessman Goran Veckovic is the largest shareholder in Vodoprovreda Zagreb with a 58.20% stake, followed by the City of Zagreb with 37.71%, according to data from the central depository and clearing agency.
The company's shareholders decided in May to cover its net loss of 20 million kuna ($2.71 million/2.66 million euro) reported for 2021 from the company's retained profit.
Vodoprivreda Zagreb's shares last traded on the Zagreb bourse on February 9, when they closed flat at 300 kuna.
(1 euro=7.506 Croatian kuna)