Shareholders approve Croatia's Jelsa delisting from ZSE

Those who disagree with the proposal will be eligible to a fair compensation for their shares, Jelsa said in a filing to the Zagreb bourse.

Last week, Jelsa's management said that the value of the fair compensation has been set at of 0.01 euro per share.

Jelsa's equity capital of 9.9 million euro is divided into 7,462,031 shares. Of them, 1,343,473 are listed on the Zagreb Stock Exchange (ZSE), bourse data showed. According to bourse’s data, the last transaction with its shares was on May 5, 2008.

Last week, Hungarian financial services provider Bohemian Financing launched a takeover bid for the 1.51% interest it does not already own in Jelsa. The price that the Hungarian company has promised to pay in its takeover bid is 0.12 euro per share.

($ = 0.918 euro)