Changes to the equity holdings of Zavarovalnica Triglav in members of the Triglav Group in 2011
After the concluded squeeze-out procedure of minority shareholders, Zavarovalnica Triglav became the 100% owner of Hotel Grad Podvin d.d.
By acquiring 2,512,210 shares of Triglav Naložbe d.d. (worth EUR 3,965,624 in total) and by squeezing out small shareholders, Zavarovalnica Triglav became the sole shareholder of Triglav Naložbe.
Zavarovalnica Triglav acquired four shares of Triglav Osiguranje a.d., Banja Luka, worth EUR 4,090, and thus became its 100% owner.
Zavarovalnica Triglav raised additional capital in Triglav Osiguranje d.d., Zagreb, by paying HRK 14,999,600 for 6,818 newly issued shares at a nominal value of HRK 2,200 each and thus increased its equity holding in Triglav Osiguranje to 99.76%.
Additional capital in Triglav Osiguranje a.d.o., Belgrade, was raised by issuing 312,000 shares with a nominal value of RSD 700 each or RSD 218,400,000 in total. Though this capital increase, the equity holding of Zavarovalnica Triglav in the said company was raised to 96.08%.
Zavarovalnica Triglav raised the capital of Triglav penzijski fondovi a.d., Belgrade, by paying in RSD 3,000,000. In total, 3,000 shares were issued with a par value of RSD 1000 each. As a result, the equity stakes of Zavarovalnica Triglav and the Triglav Group increased to 70.44% and 98.93%, respectively.
Zavarovalnica Triglav increased the share capital of AS Triglav d.o.o. through a monetary contribution of EUR 34,900.
Zavarovalnica Triglav purchased 1,820 registered ordinary shares of Triglav Osiguruvanje a.d., Skopje from stock option beneficiaries at a price of MKD 26,232.44 per share, which in total amounted to MKD 47,743,060.80 or EUR 776,613. As a result of this purchase, the equity stake of Zavarovalnica Triglav in Triglav Osiguruvanje grew from 70.36% to 73.38%.
By exercising an option of Triglav nepremičnine, upravljanje in svetovanje d.d., Zavarovalnica Triglav purchased 13,751 shares of Gradis IPGI d.d. Consequently, the equity stakes of Zavarovalnica Triglav and the Triglav Group in the latter company rose to 56.95% and 85.66%, respectively.
On 1 August 2011, Zavarovalnica Triglav, by exercising its own option, sold a 9.9% stake in the Albanian insurer Albsig Sh. A., Tirana.