19
012016

General Meeting of the Shareholders of Žito, d.d.: Decision to Withdraw from the Stock Exchange

Ljubljana, 19 January 2016 – At today’s 23rd General Meeting of shareholders, shareholders adopted two important decisions: a decision on the exclusion of minority shareholders from the company and a decision on withdrawing the company’s shares from the organised securities market.

With the adoption of the decision on the exclusion of minority shareholders from the company Žito d.d., all shares are transferred to the main shareholder and the new owner of the company, Podravka d.d. Minority shareholders will receive compensation for their shares in the total number of 11,393 in the amount of EUR 180.10 per share, which is equal to the price from the takeover bid. As a major shareholder and 96.8-percent owner of the Žito company, Podravka had the right from a legal point of view and met all the criteria for the adoption of this decision.

The transfer of shares to the company Podravka will be executed on the date of the entry of this decision into the court register of the Ljubljana District Court. After entering this decision, the major shareholder is obliged to pay compensation to minority shareholders.

At today’s meeting, the members of the general meeting confirmed the decision to withdraw shares of Žito, d.d., from the organised market of the Ljubljana Stock Exchange. The decision on withdrawing the shares from the organised market will come into force on the date of the entry of this decision into the court register.

The minutes of the 23rd general meeting are available on this link: Minutes of the 23rd general meeting of Žito d.d.

Additional information:
Nina Rus Turuk,
Public Relations, Žito Group
Phone number: +386 1 5876 120
E-mail: pr@zito.si

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