Additional capitalization of Veterinarian Institute Subotica – 1.68m stocks worth 688.93m RSD

- Veterinarian Institute Subotica (VZAS) is going to issue 688.93m RSD worth of 1.68m stocks from the 8th issue – the Subotica-based manufacturer of animal food, pharmaceutical products and pesticides announced.

The stocks, of which nominal price is 410 RSD, will be offered for sale at the price of 555 RSD, that is, 500 RSD for the buyers with the priority in purchase.

Registration of stocks from the 8th issue starts on April 24th and it will last until July 10th, while those with the priority in purchase will be able register stocks in the period April 24th – June 29th.

Veterinarian Institute Subotica registered 1.9 billion RSD worth of incomes in 2008, 13% more than in 2007. This company is also responsible for net profit of 37.13m RSD in 2008, while the profit in 2007 amounted to 194.29m RSD. Net profit was reduced because of the negative exchange rate fluctuations in 2008 and smaller incomes.

Bečej-based soybean-processing company "Sojaprotein" (SJPT) has the largest share (34.5%) in the ownership of the institute.

The securities of Veterinarian Institute Subotica are present on the Belgrade Stock Exchange since February 2005. At the moment, the stocks of that Subotica-based company cost 300 RSD, while their maximum price of 1.915 RSD was reached in June 2008, and the minimum price of 231 RSD was registered in March 2009.

The value of market capitalization of Veterinarian Institute Subotica amounts to about 504m RSD at the moment.