September 20 (SeeNews) - North Macedonia's Securities and Exchange Commission (SEC) said on Wednesday it gave the green light to local pension fund management company WVP Penzisko Drustvo, part of local WVP Fund Management, to increase its capital by 75,000 euro ($80,261).
WVP Penzisko Drustvo will issue 75,000 ordinary shares, at a price of 1 euro per share, the SEC said in a statement.
The newly issued shares will be purchased by the company's parent company, WVP Fund Management.
WVP Penzisko Drustvo’s share capital currently consists of 500,000 ordinary shares with a nominal value of 1 euro, according to data on the Central Securities Depository.
WVP Fund Management is a company for management of open and closed investment funds. It is owned by Austria's WVP Group.
($ = 0.934455 euro)