Nova KBM
 

Nova KBM has received the Bank of Slovenia decision on the termination of extraordinary measures | NKBM

In accordance with the provisions of the Code of Best Practice for WSE Listed Companies, the Ljubljana Stock Exchange Rules, and the applicable legislation, the Nova KBM Management Board hereby gives the following notice:

Nova KBM has received the Bank of Slovenia decision on the termination of extraordinary measures

19 December 2013
OBVESTILA
In accordance with the provisions of the Code of Best Practice for WSE Listed Companies, the Ljubljana Stock Exchange Rules, and the applicable legislation, the Nova KBM Management Board hereby gives the following notice:
 

Nova KBM informs the public that yesterday, 18 December 2013, the Bank of Slovenia issued the Decision on the Termination of Extraordinary Measures at Nova KBM, by which it established that, by implementing extraordinary measures pursuant to the Decision on Extraordinary Measures at Nova KBM, issued on 18 December 20013, the reasons for extraordinary measures from the first paragraph of Article 253(a) of the Banking Act (Official Gazette of the Republic of Slovenia, No. 99/10, official consolidated text, as amended) ceased to exist.


The increase in share capital through the issue of new shares, which were subscribed and paid for by the Republic of Slovenia on 18 December 2013, enabled Nova KBM to meet the long-term capital adequacy requirement, as set out in Articles 125 and 126 of the Banking Act, including the requirements regarding minimum capital as per Article 136 of the Banking Act. The share capital increase was entered into the court register on 18 December 2013.


The share capital of Nova KBM totals €150,000,000 and is split into 10,000,000 new, ordinary, freely transferable registered shares.