The Electric Power Company of Montenegro, EPCG, yesterday published a voluntary offer to buy all the Coal Mine’s shares at €6.4 a share. The offer’s deadline is 4 May, until 4 p.m. The Coal Mine owns 5.064,443 shares, of which the Italian energy company A2A holds 39.4%, the state 31.1%, Aco Đukanović 11.1%, other natural persons 16.2% and legal persons own 2%.
Public call determines requirements, i.e. costs of a takeover. The Central Depository Agency, CDA, determines a €1.21 commission per representation plus 0.05% per assigned shares, but now lower than €1.50. GDP amounts to 21% in addition to costs of bank’s payment operations.
Rules say shareholders must come to the CDA in person or provide certified authorization for signature, or a declaration on acceptance. Another option for a shareholder is to send the documents via speed post to CDA, but scanned documents as well as the return receipt must be sent to [email protected] as well.
Documents sent from abroad must have a signature notarized by a notary public and certification by apostille, except for Croatia, Bosnia and Herzegovina, Italy and Russia. Documents written in language other than Montenegrin must be translated by authorized court interpreters.
