Nova KBM
 

Supervisory Board of Nova KBM approves procedures for raising additional capital and listing on the Warsaw Stock Exchange | NKBM

At today's meeting, the Supervisory Board of Nova KBM approved the proposal of the Management Board to raise additional equity capital and, in accordance with the Bank's Articles of Association, requested from the Management Board, to start carrying out all the procedures necessary to increase the Bank's share capital and listing of the Bank’s shares on the Warsaw Stock Exchange (WSE) in 2011.

Supervisory Board of Nova KBM approves procedures for raising additional capital and listing on the Warsaw Stock Exchange

22 December 2010
OBVESTILA
At today's meeting, the Supervisory Board of Nova KBM approved the proposal of the Management Board to raise additional equity capital and, in accordance with the Bank's Articles of Association, requested from the Management Board, to start carrying out all the procedures necessary to increase the Bank's share capital and listing of the Bank’s shares on the Warsaw Stock Exchange (WSE) in 2011.
 

The additional capital will enable further active crediting of the economy, consolidation within the Nova KBM Group, and form a sound basis for further implementation of the Group's ambitious strategy. . The projected increase in capital is also in compliance with the Bank of Slovenia's requirement for commercial banks to strengthen their share capital. According to Nova KBM plans, the existing shareholders will have a pre-emptive right to subscribe for new shares.


In terms of turnover and market capitalization of listed companies, WSE is the leading stock market in the region of Central and Eastern Europe. Nova KBM shares are listed on the Ljubljana Stock Exchange since December 2007 and the additional listing on WSE would allow the Bank to access a larger pool of investors.