INA oil company's shareholders assembly has been suggested to issue convertible bonds in the amount of HRK 1.5 billion, with the company's majority owners - MOL and the Croatian government - having the right to subscribe for those bonds, which can be converted into shares.
The right of pre-emption of other shareholders in subscribing for the bonds should be ruled out, INA's management said in an invitation to a shareholders' meeting to be held on May 18.
The invitation to the meeting and its agenda were published on Wednesday on the Zagreb Stock Exchange and the Vjesnik daily.
Apart from the decision on the issuing of convertible bonds and the conditional increase of the company's stock capital, INA's shareholders have also been suggested to make a decision to cover INA's 2009 loss amounting to HRK 631.35 million with retained profit in the amount of HRK 343.46 million, and to cover the remaining loss of HRK 287.89 million by using other company reserves.
A month before the May 18 meeting of company shareholders, an extraordinary meeting of company shareholders will be held on April 19 to adopt changes to the company statute regulating the conditional increase of the stock capital.
