August 11 (SeeNews) - Serbian manufacturer of orthopedic devices Rudo [BEL:RUDO] plans to decrease its capital by 11.6 million dinars ($119,500/102,000 euro) by cancelling 16,575 shares owned by the company, it said.
Rudo will cut reduce its capital to 454.6 million dinars, divided into 649,476 shares with a nominal value of 700 dinars apiece, it said in a bourse filing on Tuesday.
The capital reduction plan was approved by Rudo's shareholders on August 9.
Local consultancy firm Link Care is majority shareholder in Rudo with a 69.4% stake, according to data published by Serbia's central securities depository and clearing house. Local software company Visual Tools follows with 14.76% ownership.
Rudo's shares last traded on the Belgrade stock exchange on August 5, closing flat at 200 dinars.
(1 euro = 117.556 dinars)