INA - Croation national oil company, ticker: INA -R-A 2490,00 Kn - 1%
1 Euro : 7,31 Kn
Slightly less than 36,000 Croatian citizens who purchased Ina’s shares in the IPO and have not sold them for the past year should get one or two free shares next week. According to the data by the Central Depository Agency (SDA), about 5,000 shareholders are entitled to one bonus share and about 31,000 to two shares.
This means the total of 66,000 bonus shares will be allocated. The total of 44,000 Croatian citizens participated in the Ina’s IPO last year and 82 percent of them kept their shares till today. They were allowed to buy shares up to the amount of HRK 38,000, or 22 shares, and will get a bonus share for every ten shares kept for a year. (http://www.business.hr/)
Seneka: This will increase supply in short term, and block some sufficient rise of stock price, but I think it will vanish till the end of this year or Januar 2008, when bulls shoud be back.
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