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OTS: Podravka Inc. - Intention for submitting a takeover offer regarding shares of ŽITO Inc.

Author: Orhideja Štrk
Koprivnica (HinaOTS) - PODRAVKA Inc., Koprivnica, Ante Starčevića 32, The Commercial Court in Varaždin, CRN: 010006549, PIN: 18928523252, is issuing as follows:

Pursuant to the provisions of the Capital Market Law and the Rules of the Zagreb Stock Exchange, the company PODRAVKA Inc., Ante Starčevića 32, Koprivnica, PIN: 18928523252 (hereinafter: PODRAVKA or assumer), hereby informs the public on its intent to submit takeover offer for all of the shares of company ŽITO prehrambena industrija, Inc., Šmartinska cesta 154, 1000 Ljubljana, Slovenia (hereinafter: Žito Inc.) having ticker ZTOG and ISIN code SI0031108440.


Žito Inc. is the issuer of 355,792 ordinary, freely transferable shares on the name, issued in non-materiliazed form and registered at the central securities register with KDD - Centralni klirinško depotni družbi, Inc., Ljubljana. The stated shares are being traded on the official securities market – Ljubljana Stock Exchange (Ljubljanska burza d.d.)


On the day of publishing takeover intent, PODRAVKA holds 183,386 shares of Žito Inc., that represents 51.54 % of all shares with the voting right of Žito Inc..


Pursuant to the Article 24 of the Slovenian Takeover Act, PODRAVKA notified the Securities Market Agency of the Republic of Slovenia, Public Agency of the Republic of Slovenia for  the Protection of Market Competition, Management Board of Žito Inc., representatives of Žito Inc. employees and representatives of employees of PODRAVKA as taking-over company, on the takeover intent and provided for the takeover intent to be published in the daily newspaper Delo on 7th October 2015.

Within 30 days at the latest, but not before the expiration of 10 days as of publishing the takeover intent, PODRAVKA will make public the takeover offer for taking over and purchase of all Žito Inc.shares  that are not held by PODRAVKA.


Activities regarding takeover offer on behalf and for the account of PODRAVKA is performed by ILIRIKA, borzno posredniška hiša, d.d. Ljubljana.

 

PODRAVKA Inc.

 

Napomena o izvoru:

PODRAVKA d.d.

Korporativne komunikacije

A. Starčevića 32; HR - 48000 Koprivnica

tel. 048 651 953

fax. 048 622 008

web: www.podravka.com

e-mail: press@podravka.hr

(HinaOTS)

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