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| Information center |
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| My firm was sold at tender, how could I obtain free shares? |
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| Answer: |
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In compliance to the Law on Privatization from the year 2001, by which 70% of your firm was sold by path of public offering, defined and obligated that 15% of the companies share (government)capital is to be apportioned free to past and present employees evenly according to seniority acquired in that firm.
These are the following procedures: |
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In one of the daily lists, the firm announces invitation for application of free shares that are defined by an exact deadline, procedures and place of application registration (subscriber), number of shares, nominal value of one share and conditions that the subscriber has to fulfill for approval of application. |
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After admission of subscribers interested in free shares, completion of counting the number of shares from subscribers and compare it to the actual amount of shares apportioned. In case the wanted number of shares is larger than the actual amount apportioned, a reduction is completed - reducing rights of the subscriber proportionately with their seniority to amount of offered shares. |
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All subscribers are informed on the number of shares that will be free and call on them to sign a contract in order to obtain free shares. |
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After signing the contract, completion of registering ownership of shares in the Temporary Register and disbursement of certificates of ownership over shares for all shareholders. |
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| In order to obtain free shares, along with this process you need to have worked or are working in the named firm, and taking into consideration that you have never obtained free shares before, in accordance to the Law on Ownership Transformation, that predefined this law in any other firm. |
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