Sojaprotein to take out loan from IFC, shareholders may disagree

The Supervisory Board of Becej-based Sojaprotein has scheduled an extraordinary general meeting for December 25th. The main item on the agenda will be the decision on the disposal of major assets.

The decision is based on a loan agreement with the International Finance Corporation (IFC), as well as on Victoria Logistic's long-term loan agreement with Erste Bank, where Sojaprotein is the guarantor/debtor.

All shareholders entered into the unique register of shareholders of the Central Register by 15 December 2012 will have the right to participate in the general meeting, whereas those who hold minimum 14,894 shares or their proxies will be able to partake in the decision-making process.

Shareholders who disagree with the decision have the right to ask the company to purchase their shares at the market, book or estimated value, whichever is the highest. The estimated value of Sojaprotein shares on the day the decision was made to call an extraordinary general meeting amounted to RSD 709, whereas their book value was RSD 827.