1.6.2017

Supervisory Board of Slovenian Sovereign Holding Refused to Grant its Consent for Offer Price Range for NLB's Share

Ljubljana, 1 July 2017 -  The extraordinary 10th session of the Supervisory Board  (SB) of  Slovenian Sovereign Holding (SSH), which was held and suspended on 26 May 2017 and at which the SB of SSH discussed the proposal by the SSH Management Board on the offer price range for the share of Nova Ljubljanska banka, d. d., continued today.

 

The Supervisory Board  refused to grant its consent for the proposal of the offer price range for NLB share and proposed to the SSH Management Board to act in accordance with Article 281, Paragraph 5 of ZGD-1 which stipulates that if the supervisory board refuses to give its consent, the management board may require the granting of the consent to be decided by the general meeting which, in the case of SSH, is represented by the Government of the Republic of Slovenia.