January 23 (SeeNews) - Serbian rubber and chemicals producer Tigar [BEL:TIGR] plans to increase its capital by 1.043 million dinars ($10,000/8,806 euro) to convert debt into shares, it said on Wednesday.
The company will issue 2,790 ordinary shares with a nominal value of 374 dinars apiece and the transaction will be considered successful if the entire capital increase is subscribed by the Belgrade city government, Tigar said in a filing with the Belgrade Stock Exchange.
After the increase, the capital of Tigar will amount to 3.05 million dinars divided into 8,156,236 shares.
Tigar recorded a consolidated net loss of 143.5 million dinars in the first half of 2018, versus a loss of 65.6 million dinars in the like period of 2017.
(1 euro = 118.456 dinars)