The company plans to issue up to 1,700,000 new shares with a nominal value of 220 kuna each, it said in a filing to the Zagreb bourse.
Podravka’s management will decide whether it will be needed to hold a third round of the capital increase after the second round of the subscription is completed.
The first round of the subscription process – open to company employees only – will last between July 7 and July 15 while the second round, which will start simultaneously with the first round and will be open to existing shareholders, will wrap up on July 20.
Podravka said earlier the aim of…