Q:
A:
Tigar shares to be offered on sale
Belgrade,
17 July 2006
Representatives of the Serbian Privatisation Agency, the Serbian Share Fund and tyre maker Tigar from Pirot signed an agreement with the selected investment advisor in order to offer the shares of this company on sale.
The public sale of Tigar shares envisions a new issuance of its shares as well as shares from the portfolio of the Share Fund, which currently disposes with 55,555 shares, or 23.33% of the total of Tigar shares.
After the preparatory phase is successfully finalised, a public call for sale of shares will be made in the last quarter of 2006.
This is the first time on the Serbian capital market that shares are offered publicly on sale in the real sector. With the realisation of this offer, one of the biggest Serbian exporters will collect financial funds for implementation of planned development projects, whereas the sale of Share Fund’s Tigar shares may increase the liquidity of Tigar shares on the Belgrade Stock Exchange.
After the preparatory phase is successfully finalised, a public call for sale of shares will be made in the last quarter of 2006.
This is the first time on the Serbian capital market that shares are offered publicly on sale in the real sector. With the realisation of this offer, one of the biggest Serbian exporters will collect financial funds for implementation of planned development projects, whereas the sale of Share Fund’s Tigar shares may increase the liquidity of Tigar shares on the Belgrade Stock Exchange.
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