Slovenia's NLB shareholders ok 1.9 mln euro cap hike

The increase will be carried out through the issue for payment in cash of 222,647 ordinary freely transferable registered no-par value shares, NLB said in a statement posted on its website on Monday.

The issue price of one new share will be 8.35 euro and the deadline for the subscription of all new shares will be 90 days.

The shareholders have also authorised the management to raise - in or more goes - the bank's share capital by up to 79.9 million euro. The new shares can be issued solely for the purpose of exchanging them for receivables under the Hybrid Loan Agreement signed in June by the bank and the Slovenian government.

($ = 0.7533 euro)