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Pliva announces its received notification about ELL's acquisition of Pliva's GDRs

ZAGREB, July 14 (Hina) - The Croatian pharmaceutical company Pliva announced on Friday that on 13 July 2006 it received notification that ELL 33 ehf, a Reykjavik based company, has acquired 9,473,252 Global Depositary Receipts ("GDRs") pursuant to sale and purchase agreements entered into on 28 June 2006.
ZAGREB, July 14 (Hina) - The Croatian pharmaceutical company Pliva announced on Friday that on 13 July 2006 it received notification that ELL 33 ehf, a Reykjavik based company, has acquired 9,473,252 Global Depositary Receipts ("GDRs") pursuant to sale and purchase agreements entered into on 28 June 2006.

The total number of GDRs acquired corresponds to the equivalent of 1,894,650 ordinary shares of Pliva which represents approximately 10.19% of the ordinary share capital of the Croatian generic drug maker, and 10.74% of voting rights of all of the issued shares reduced for the treasury shares held by Pliva, the company said in a statement..

The Croatian Financial Services Supervisory Agency (HANFA) reported yesterday that it ordered the Icelandic company Actavis to publish, without any delay and in accordance with the provisions stipulated in the article 18 paragraph 1 of the law on the takeover of joint stock companies, amendments and supplements of the notification on the intention of publishing takeover bid for Pliva.

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