Contract on merging of Mlekara Subotica to Imlek published

Yesterday, at the Belgrade Stock Market, the contract with all the details related to upcoming merging of Subotica-based Mlekara to domestic market leader, Imlek, was published.

Namely, automatic share replacement, as it was previously announced, will be carried out in the 1:2,8 ratio (1 shares of Imlek = 2,8 shares of Mlekara Subotica) and decimal remaining parts over the whole number of shares which appear during replacement will be paid in money at emission price (RSD 4.600,96).

After the conversion Imlek will have 8.179.599 ordinary shares and 12.317 preferential ones and the amount of basic capital will total RSD 4.423.634.640. It was also stated in the contract that Imlek will take over 175 currently employed at Mlekara Subotica.

In the recent months, shares of both dairies within Danube Foods Group,have become investors’ focus due to increased speculations related to sale of the entire group. As of the beginning of the year, Imlek’s share price has increased for 58,3 % while Mlekara Subotica, in the same period, saw increase of 41% in value.

Imlek a.d. Padinska Skela

Mlekara a.d. Subotica

Moji brendovi d.o.o. Beograd

merging of Mlekara Subotica and Imlek