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N. Macedonia's securities commission approves Sparkasse cap hike

N. Macedonia's securities commission approves Sparkasse cap hike Ken Teegardin/CC BY-SA 2.0

SKOPJE (N. Macedonia), August 18 (SeeNews) - North Macedonia's Securities and Exchange Commission (SEC) said it gave the green light to Sparkasse Bank Makedonija AD Skopje to increase its capital by 1.228 billion denars ($20.3 million/20 million euro).

Sparkasse Bank AD Skopje will issue 417,972 ordinary shares, with a nominal value of 2,670 denars each, at a price of 2,938 denars per share, the SEC said in a statement on Wednesday.

The newly issued shares will be purchased by the lender's parent company, Austria-based Steiermarkische Bank und Sparkassen.

Back in June, Sparkasse Bank AD Skopje said it will offer for sale 1,588 of its own shares representing 0.1% interest, for a total of 4.66 million denars.

Sparkasse Bank's total share capital of 4.478 billion denars is divided into 1,677,443 shares of 2,670 denars in par value each.

(1 euro = 61.59 denars)

 
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