Negotiations between the Government and small shareholders of the Simo Milošević Institute in Igalo regarding the restructuring plan are ongoing and expected to continue. The shareholder assembly is scheduled for 12 p.m.
The restructuring plan requires approval from shareholders holding two-thirds of the shares. The government owns 56%, needing support from small shareholders with at least 10.2% of the capital. Vila Oliva holds 27.4%, while other small shareholders own about 16%.
The plan proposes an investment of 106 million EUR over four years, with 64 million EUR from capitalization, 28.2 million EUR from asset sales, and 14.5 million EUR from loans. A decision on a 23.5 million EUR closed capitalization will also be made.
If approved, the share issue will begin immediately, with 152,100 shares offered at a nominal price of 154.93 EUR. The capitalization will succeed if 70% of the shares are sold, meaning participation from both the government and small shareholders.
The restructuring aims to prevent bankruptcy and ensure the Institute’s future. It includes securing 41.3 million EUR this year, covering debts, compensating dissenting shareholders, and investing in the Institute. Future investments will focus on reconstruction and asset sales, with plans for continued growth, reaching a profit of 6.6 million EUR by 2034.
