Tigar carries out issuance of shares through conversion of debt – Company’s liabilities reduced by RSD 377.6 million

Pirot-based Tigar announced that it had successfully completed the conversion of its debt towards the state into state owned capital through the issuance of shares. Tigar issued 1,009,496 new shares at the emission price of RSD 374 per share, which is also the nominal value of the stock. The company’s debt was thereby reduced by RSD 377.6 million.

Following the issuance, the total number of company’s shares increased by 58.7% to 2.7 million, reports Wisebroker.

Based on the decision of the Government of Serbia from September 13, this issuance was subscribed by Healthcare Insurance Fund (122,184 shares), Pension State Fund – PIO (581,367 shares), City of Pirot (244,538) and Jubmes Banka (61,407 shares).

Tigar a.d. Pirot

Vlada Republike Srbije

Republički fond za zdravstveno osiguranje Beograd

Republički Fond za penzijsko i invalidsko osiguranje

Grad Pirot

Alta banka ad Beograd

conversion of Tigard debt towards state

Tigar shares issuance

NHIF