Nova KBM
 

Put Option on Zavarovalnica Maribor d.d. Shares | NKBM

On 15 December 2009, Nova KBM d.d. received a notification from Zavarovalnica Maribor d.d. that, on the basis of the capital raising dated 30 October 2009, the District Court of Maribor entered on 7 December 2009 the increase in share capital of Zavarovalnica Maribor d.d.

Put Option on Zavarovalnica Maribor d.d. Shares

30 March 2010
OBVESTILA
On 15 December 2009, Nova KBM d.d. received a notification from Zavarovalnica Maribor d.d. that, on the basis of the capital raising dated 30 October 2009, the District Court of Maribor entered on 7 December 2009 the increase in share capital of Zavarovalnica Maribor d.d.
 

After the decision on the entering of the increase in share capital into the Court Register became final, the put option on 'new' shares of Zavarovalnica Maribor d.d. held by Pozavarovalnica Sava d.d. (Sava Reinsurance Company), which was entered into between Pozavarovalnica Sava d.d. and Nova KBM d.d. on 23 October 2009, also became effective.


The subject of the put option is the right of Pozavarovalnica Sava d.d. to sell Zavarovalnica Maribor d.d. shares, up to the number of shares acquired by Pozavarovalnica Sava d.d. in the capital raising, i.e. 1,558,048 shares. The strike price of the put option is €4.1729 (share offer price in the last capital raising of Zavarovalnica Maribor d.d.) plus 10.5% per annum, starting to accrue as of the date of entering the capital increase in the Court Register.


Pozavarovalnica Sava d.d. may exercise its put option as from 1 April 2010 up until three years after the registering of ownership on the respective shares