The share capital will be increased through the issuance of up to 196,405 new ordinary shares with no par value at a price not lower than 13.27 euro apiece, BOSQAR said in a filing to the Zagreb bourse.
The company’s share capital currently totals 13.033 million euro divided into 982,032 ordinary shares with no par value.
Existing shareholders will have no pre-emptive rights to subscribe new shares in the process of increasing the share capital. The offering will be exclusively addressed to qualified investors and other investors who may acquire new shares with a total value of at least 100,000 euro per investor, BOSQAR said without elaborating.
The holding company said on Friday it has appointed the local unit of Austria's Erste banking group, Erste & Steiermarkische Bank, the Milan branch of Italian UniCredit Bank, and the local unit of UniCredit, Zagrebacka Banka, as joint global coordinators for the share capital increase.
On Friday, the holding company also announced a decision to change its name to BOSQAR from Meritus Ulaganja. It is the parent company of global business process and technology outsourcing services provider Mplus (M+).
On May 7, Slovenia’s subsidiary of Meritus Ulaganja, Future Food Solution, signed agreements for the investment into Panvita Group.
Once completed, the investment in Panvita is expected to result in close to half of BOSQAR Group’s estimated pro forma consolidated revenues as well as close to 40% of estimated pro forma consolidated adjusted EBITDA being generated by its units outside of the business process externalisation (BPO) segment, BOSQAR said on Monday. The management board of the BOSQAR therefore estimates that the new food business segment shall be a basis for a long-term growth, it added.
The company’s shares last traded on Wednesday, ending 4.76% higher at 220 euro ($236).
($ = 0.933 euro)