Additional capitalization of Subotica’s Veterinarian Institute – decision about issuing of 1.68m common stocks

- The Assembly of stockholders of the Veterinarian Institute Subotica has made the decision about issuing of 1.68m common stocks - "Sinteza invest group", the corporate agency of the Subotica-based company, announced on February 20th.

The funds collected in this way will be used for refunding of credit debts, financing of construction of the unit for production of extruded food for fish and reconstruction of the unit for pharmaceutical production.

The priority in procurement of stocks of the Institute at the price of 500 RSD per stock will be given to all those who had the status of stockholder on February 19th.

The price of the remaining stocks will be 555 RSD.

Once the Securities Commission gives its consent, the period for registration and payment of stocks will last for 67 days for stockholders with the priority in purchase and 11 days for all others.

The sale will be considered successful if minimum 10% of the offered stocks is sold within the given time.