Broker: Komercijalna Banka Withdrawing Shares from Belgrade Stock Exchange

At an extraordinary session, the shareholders of Komercijalna Banka adopted the decision on the withdrawal of the bank’s shares from the regulated market and the termination of the status of a public company, announced the brokerage house Momentum Securities.

– This decision, as expected, was adopted yesterday, after the majority owner, the Slovenian NLB, carried out a forced share buyout from the remaining minority shareholders and became the sole owner of the capital of this banking institution – the announcement says.

It is added that the forced buyout of regular shares was carried out at a price of RSD 4,532.2, which is the book value of a share as of May 30.

NLB bought out the priority shares at a price of RSD 1,000, which caused a lot of dissatisfaction among the shareholders, considering that the company had been publishing identical book values for regular and priority shares in its internal acts for years.

For this reason, a large number of procedures was initiated at the competent court to the end of protecting the rights of the bank’s minority shareholders.