Hanfa Board Meeting: Tankerska plovidba obtains approval to announce the takeover bid relating to Atlantska plovidba

At today’s meeting, the Board of the Croatian Financial Services Supervisory Agency (Hanfa) adopted a decision granting approval to the company Tankerska plovidba from Zadar to announce a bid referring to the takeover of the company Atlantska plovidba from Dubrovnik. The price Tankerska plovidba undertakes to pay within the framework of the takeover bid amounts to EUR 53.60 per ordinary share of the company.

A trade analysis and the confirmation from the Zagreb Stock Exchange relating to the average share price of Atlantska plovidba have shown that the price complies with the provisions of the Act on the Takeover of Public Limited Companies.

The obligation to announce the takeover bid arose on 27 October 2023, as Tankerska plovidba had bought additional 683,501 ordinary Atlantska plovidba shares within the recapitalisation process. Therefore, with a 39.10% share in the initial capital and 39.19% of voting shares, Tankerska plovidba became the largest shareholder of Atlantska plovidba. Prior to the recapitalisation, Tankerska plovidba had already been the owner of 6.45% of Atlantska plovidba ordinary voting shares.

At today’s meeting, Hanfa Board also adopted a decision granting approval to the company Aminess from Novigrad for a prospectus relating to the issuance of a maximum of 8,407,079 new ordinary shares of the company, for the amount not exceeding EUR 37,999,997.08.

In addition, Hanfa also adopted a decision on the pension company that achieved the highest risk-adjusted return in each mandatory pension fund category in the previous year. This specific calculation, laid down in a Regos Ordinance, determines how new insured persons will be allocated to pension funds in the upcoming years in the case where they fail to select a pension fund they want to invest in on their own.

All Hanfa’s decisions adopted at today’s meeting are available here.