REG - Nova Ljubljanska - NLB started squeeze-out of NLB KB shareholders

Nova Ljubljanska Banka dd LjubljanaAnnouncement

25/05/2022 16:30

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RNS Number : 8009M  Nova Ljubljanska Banka d.d.  25 May 2022

NLB started squeeze-out of remaining shareholders of NLB Komercijalna banka

 

Pursuant to the Rules of the Ljubljana Stock Exchange and Article158 of the
Market in Financial Instruments Act, relating to the Article 17 of the
Regulation (EU) No 596/2014, NLB d.d., Trg republike 2, 1000 Ljubljana
announces:

 

On May 23, 2022 Nova Ljubljanska banka d.d., Ljubljana acquired additional
442,799 ordinary shares of NLB Komercijalna banka a.d. Beograd and combined
with existing shareholding reached the ownership of 90.2155% of the basic
capital and 91.7294% of shares with voting rights, effectively reaching the
squeeze-out threshold as defined by Article 515 paragraph 1 of the Serbian
Company Law. On May 24, 2022 Nova Ljubljanska banka d.d., Ljubljana has sent
to NLB Komercijalna banka a.d. Beograd a request for the squeeze-out of all
remaining shareholders.

 

NLB expects the squeeze-out to have neutral effect on profit and loss on Group
level. Increasing ownership in NLB Komercijalna banka to the 100 % ownership
is aligned with strategic ambitions of NLB Group and presents another
indication of importance of Serbian market for NLB Group's ambitions to become
a regional champion.

This announcement will be available on the NLB's website (www.nlb.si
(http://www.nlb.si/) ) as of May 25, 2022 for a period of at least 5 years.

 

 

Investor Relations

NLB d.d., Ljubljana

 

 

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