Peaceful week on the Belgrade Stock exchange
Belgrade Stock exchange finished week with a significant drop in total turnover compares to the week before. BELEXline and BELEX15 indices recorded mixed performance posting -0.24% and 0.15% change respectively. Foreign investors contributed with 23% to the total equity turnover. Turnover decrease was also recorded on the fixed income market.
Tigar Corporation has announced issuing of 257,769 new shares. Money raised this way will be used for financing capital expenditure. Newly issued shares can be purchased by domestic and foreign legal entities and private individuals. Price of shares for current shareholders is 2.000 dinars. Sale will be considered successful if the company sells and registers at least 50 % of offered shares in advance. Securities Commission has to approve the issue, which is expected to happen during the next week. Tigar ended lower by 2% on Friday closing at RSD 2,149 per share.
Energoprojekt Holding has signed a general contract with public railway company Zeleznice Srbije on building commercial space around and above the Prokop railway terminal in Belgrade. The contract defines basic terms for the project’s implementation, the Belgrade-based company said, adding that it expects to sign a joint construction contract by the end of the year. Zeleznice Srbije launched talks with Energoprojekt, the second-ranked bidder for the Prokop project, in September, nearly one year after the winning bidder, Cyprus-based TriGranit Development Corporation, missed a deadline to sign a binding contract, according to earlier reports. This news had no effect on Energoprojekt’s price which closed at RSD 3,249 per share on Friday.
Jaffa confectionary industry has invested about EUR 1 million to equip a warehouse with a capacity to store 4,000 pallets. The furnishing is nearing completion, the maker of the popular Jaffa representatives explained that the newly built production plant, is the largest pallet warehouse in Serbia. Jaffa shares price was stable at RSD 38,000 per share over the last five days.
A consortium of Lithuanian drinks firm Alita and Sweden-based Investment company United Nordic Beverages has closed the transaction and paid EUR 21.4 million to take over the state’s 51.9% stake in brewery Beogradska Industrija Piva. Alita now controls 41.5% and United Nordic Beverages 10.4% of BIP. The consortium was named the top bidder for BIP in early June, after it outbid Slovenian brewer Pivovarna Lasko, which offered EUR 11.8 million for the stake and EUR 9 million in investment. It pledged a EUR 5.1 million investment plan and a social welfare program. BIP oscillates in a range of RSD 310 to RSD 350 per share for several weeks.
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Press Release
Tigar a.d. Pirot [BELEX: TIGR]: Capital Increase Announced Tigar’s AD Board of Directors decided at its session held on October 9, 2007, to issue ordinary shares via a public offering. The total value of these shares is RSD 309,322,800 or 257,769 shares at a par value of 1,200. The proceeds of the sale of this issue of shares will be used to finance investment programs. The shares may be purchased by domestic and foreign natural and legal persons. The determined issue price is the average price of Tigar AD shares at the Belgrade Stock exchange for the period from July 8, 2007 to October 8, 2007, and it amounts to RSD 2,222 per share. The closing date for the subscription and payment of this issue of shares is 35 days after the date identified in the public call for the beginning of subscription and payment of the shares. The subscription and payment period for shareholders with pre-emptive rights of purchase of the shares will be 21 days. Shareholders who hold shares as of the date of the Decision are entitled to pre-emptive rights of purchase within 21 days after the beginning of the subscription and payment period. This shall be clearly identified in the extract from the summary call with the public notice. The price of the shares for shareholders who are entitled to pre-emptive rights of purchase is RSD 2,000 per share.
Energoprojekt holding a.d. Beograd [BELEX: ENHL]: General Contract Signed Energoprojekt Holding has signed a general contract with Serbian Public Railway company on building commercial space around and above the Prokop railway terminal in Belgrade. The contract defines basic terms for the project’s implementation but Energoprojekt expects to sign a joint construction contract by the end of the year. Serbian Public Railway company launched talks with Energoprojekt, the second-ranked bidder for the Prokop project, in September, after the winning bidder, TriGranit Development Corporation, missed a deadline to sign a binding contract.
BIP a.d. Beograd [BELEX: BIPB]: acquisition Closed The consortium of Alita and United Nordic Beverages became the majority owner of Beogradska Industrija Piva (BIP). The consortium has signed the final contract of acquisition with the privatization Agency on October 8th and thus acquired the control share package of 51, 9 of shares of BIP. As the first ranked bidder on the tender, the consortium of Alita and United Nordic Beverages had offered EUR 21.4 mln the major share package and made an obligation to invest EUR 5.1 mln in the company in the period from 2007 to 2010. Additionally, the consortium has accepted the social program as one of the conditions for the purchase set by the privatization Agency in the contract. The company's brand, excellent location and large production capacities present good starting position for expansion on the Serbian and regional market, says the announcement of the consortium. The goal of the new owners is to revitalize the company as well as to compete for the leading position on the market through the expansion of production program and investments in infrastructure.
JUBMES Banka [BELEX: JMBN] New shares issue JUBMES Banka announced general assembly which shell take place on 18 October 2007. Shareholders should approve decision on new share issue, which is aimed to provide additional funds to be used for development of new banking products. Bank plans to launch 30,000 new shares at RSD 116.200 price per shares. Shareholders recorded at Central Depository Institution on the date of public invitation, will have preemptive right to gain shares at RSD 104.600 price per share. On every 4.1 shares, shareholder will have preemptive right to subscribe for 1 new share. Shareholders who have more than 371 shares as of 11 September can participate on the shareholders meeting.
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WF 08-12Oct2007.pdf, 173 Kb
