Montenegro’s Railway Infrastructure Operator ZICG Raises Share Capital

The company's capital now totals 464.4 million euro ($679.9 million) divided into 151,390,436 shares with nominal value of 3.0678 euro each, a statement posted on the Montenegro Stock Exchange website said.

Previously, the company's capital was divided into 29,506,027 shares with nominal value of 15.3388 euro each.

No further details were immediately available.

Trading with the company’s shares will resume on September 29 after it was suspended on September 22, pending the capital adjusment, the statement added.

ZICG shares were last traded on September 21 when they closed up 1.41% at 1.8255 euro.

($=0.6807 euro)