BELGRADE (Serbia), December 18 (SeeNews) – The Serbian unit of Russia's Lukoil plans to increase its capital by 8 billion dinars ($76.9 million/67.5 million euro) through the issue of 8 million new shares to be subscribed by existing shareholders.
The new shares will have a nominal value of 1,000 dinars apiece and will be listed on MTP of the Belgrade Stock Exchange, Lukoil Serbia said in a bourse filing on Monday.
In this way, the company will double its capital from 7.775 billion dinars, divided into 3.909 million ordinary and 3.866 preference shares, all with a nominal value of 1,000 dinars apiece, the company said.
Only the existing shareholders of Lukoil Serbia will have the right to subscribe for the new shares, proportionately to the stocks they already own, Lukoil Serbia said.
Dutch-based Lukoil Europe Holdings, which handles the European operations of Russian oil giant Lukoil, owns a 98.85% stake in the capital of Lukoil Serbia, according to the 2017 annual financial report of the company.
(1 euro = 118.500 dinars)