March 28 (SeeNews) - Montenegrin hotel operator Mimoza [MNG:MIMO] cut its share capital by 1.03 million euro ($1.11 million) to 9.3 million euro by reducing the number of its shares, the Montenegro Stock Exchange said on Thursday.
As part of the move, an overall 343,650 Mimoza shares of 3.0076 euro in nominal value each were cancelled, the bourse said in a statement.
Following the capital decrease, Mimoza's equity is divided into 3,092,859 shares.
Its shares last traded on the Montenegrin bourse on June 16, 2022, closing flat at 1.8 euro.
Mimoza turned to a 220,000 net profit in January-September 2023 from a net loss of 343,000 in the like period of 2022, according to its latest available financial report.
Its largest shareholder is Kolasin-based water producer and bottler Gorska DOO with 81%, followed by Mimoza itself with 10%. The remainder belongs to smaller shareholders, bourse data showed on Thursday.
Mimoza's 10% ownership stake is divided into 343,650 shares, equivalent to the number of cancelled shares.
($ = 0.925 euro)