Hanfa Board meeting: Approvals for Tokić’s IPO prospectus and for the announcement of the takeover bid of Čateks
At its session today, the Board of the Croatian Financial Services Supervisory Agency (Hanfa) adopted a decision granting approval to the company TOKIĆ, trgovina, izvoz-uvoz, zastupanje i proizvodnja, dioničko društvo, Sesvete – Grad Zagreb, for a prospectus for the public offering of up to 1,200,000 registered ordinary shares without a set nominal value and for the listing on the regulated market of up to 4,080,000 registered ordinary shares without a nominal value.
In August this year, the General Meeting of Tokić made a decision to increase the initial capital by issuing a maximum of 1.000.000 new registered ordinary shares without a nominal value, to be offered to investors by a public offering. The sole shareholder of the issuer, Tokić – Rast i razvoj d.o.o., Sesvete – Grad Zagreb, decided to offer at the same time up to 200,000 existing shares (shares for sale) held in the issuer, as part of the public offering. The new shares and the shares for sale will constitute jointly offered shares. The public offering will be carried out in one round and will include the offer to workers in Croatia and Slovenia, retail investors in Croatia and qualified investors in Croatia and Slovenia.
Furthermore, a decision was adopetd at today's session authorising the company SQ Capital d.o.o. from Zagreb to publish the takeover bid for the acquisition of the company Čateks d.d. from Čakovec. The request was made in the name of SQ Capital d.o.o. and on behalf of Primus, an open-ended alternative investment fund with a private offering. The price that the offeror undertakes to pay during the takeover is EUR 43 for each ordinary share of the company.
The share capital of Čateks reaching EUR 4,948,970 is divided into 190.345 registered ordinary shares with a nominal value of EUR 26 each, admitted on the Regular Market of the Zagreb Stock Exchange. The offeror and the persons acting in concert with them hold a total of 123,369 shares of the offeree company, representing 64,82 per cent of the initial capital and making up 64,82 per cent of the voting shares. The offer concerns the acquisition of the remaining 66,976 ordinary shares of Čateks.
More details about this and other decisions from today's meeting are available here.
