Announcement on the formation of a consortium of sellers
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 (hereinafter: Pivovarna Laško), hereby makes the following announcement:
On December 4, 2014, Pivovarna Laško, d.d., received from the Družba za upravljanje terjatev bank, d.d. (Bank Asset Management Company; hereinafter referred to as BAMC) a letter dated December 3, 2014, by which we are informed by the BAMC as the consortium coordinator that the Družba za upravljanje terjatev bank, d.d. (BAMC), Kapitalska družba pokojninskega in invalidskega zavarovanja, d.d., Alpen invest, družba za upravljanje investicijskih skladov, d.o.o., Abanka Vipa d.d., KD Skladi, družba za upravljanje, d.o.o., Nova kreditna banka Maribor, d.d., and Zavarovalnica Triglav, d.d., (hereinafter: the Consortium) signed on November 27, 2014, the Agreement on Joint Sale of Shares of Pivovarna Laško, d.d. (hereinafter: the Agreement), the sole and exclusive purpose of which is cooperation in the form of joint sale of Pivovarna Laško, d.d., shares. The Agreement was not attached with the letter because the contents of the Agreement are, as explained by the BAMC, confidential.
As stated in the said letter by the BAMC, the Agreement includes holders of 44.68% of total share capital of the company Pivovarna Laško, d.d. The option is, however, open for this percentage to increase in the following days. In the letter, the Management Board is asked to present its proposals regarding the involvement or participation of the Consortium in the process of the company's capital increase in order for the Consortium to be able to negotiate with potential investors the price of shares and other terms and conditions; and to present the Management Board's view regarding a joint consultant or advisor.
The company Management Board has been conducting a capital increase procedure pursuant to the provisions of the Restructuring and Standstill Agreement since April 2014, of which the shareholders were extensively informed at the regular Shareholders Assembly held on June 30, 2014. The Management Board will work with the Consortium to examine the possibilities of allowing the Consortium to carry out the process of sale of the company shares held by the Consortium simultaneously with the capital increase process.
Laško, December 4, 2014 Management Board