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Announcement of successful completion of the sale of the stake in the company Radenska, d.d., Radenci

Pursuant to the provisions of the Financial Instruments Market Act (ZTFI) and the Rules and Regulations of the Ljubljana Stock Exchange, d.d., Pivovarna Laško, d.d., Trubarjeva 28, 3270 Laško, hereby makes the following announcement:

 

On December 19, 2014, the company Pivovarna Laško, d.d., signed with the company Kofola, družba za upravljanje d.o.o., and the company Kofola S.A. as the guarantor, the sales agreement for the sale of 3,812,023 shares of the company Radenska, d.d., Radenci, or 75.31-percent stake in the company Radenska, d.d., Radenci (hereinafter referred to as: Sales Agreement), subject to several suspensive conditions.

 

The company Pivovarna Laško, d.d., hereby announces that today, on March 17, 2015, the procedure of sale of a total of 75.31-percent stake in the company Radenska, d.d., Radenci, was completed. Pivovarna Laško, d.d., received from the transaction or sale of the company Radenska, d.d., Radenci, a purchase consideration of EUR 51,805,392.57. The received amount will contribute notably to deleveraging of Pivovarna Laško, d.d., consistently with the Restructuring and Standstill Agreement.

 

Today, Pivovarna Laško, d.d., also received the purchase consideration of EUR 8,154,000.00 from the sale of 600,000 shares (11.85-percent stake) of the company Radenska, d.d., which were temporarily sold on November 30, 2011, by Pivovarna Laško, d.d., to DBS, d.d.

 

Today, Pivovarna Laško, d.d., purchased 127,928 shares of the company Delo, d.d., Dunajska cesta 5, Ljubljana, thus becoming 100-percent owner of the company Delo, d.d.

 

Pivovarna Laško, d.d., furthermore announces that today, on March 17, 2015, general meeting of the company Radenska, d.d., Radenci, was held as a part of the completed process of sale of the company Radenska, d.d., Radenci. At the general meeting, the shareholders confirmed the changes to the company Articles of Association, received information about the resignations of the previous Supervisory Board members of the company, and appointed new Supervisory Board members.

 

Laško, March 17, 2015                              Management Board