Soko Stark schedules extraordinary general meeting for October 2nd to adopt decision on acquisition of shares from minor shareholders

The Supervisory Board of the confectionery joint-stock company Soko Nada Stark has scheduled an extraordinary general meeting for October 2nd.

The main item on the agenda will be the adoption of a decision on the acquisition of shares from minor shareholders, given that the majority owner of this company (Atlantic Group) owns over 94 percent of Stark shares.

If such decision is adopted at the meeting, remaining shareholders of this confectioner will be paid the share price prescribed by law (whichever of the market, estimated and accounting value is the highest).

Stark achieved excellent financial results in the first six months of this year, reporting a business revenue of RSD 3.9 billion (up 18.2 percent) and a net profit of RSD 494.2 million (up 33.5 percent).

At the latest share price of RSD 1,260 on the Belgrade Stock Exchange, Stark's market cap amounts to RSD 3.9 billion (EUR 33.7 million).