SLOVENIA: SAVA Re announced changes in its ownership structure

Slovenian reinsurer SAVA announced that the Slovenian Sovereign Holding (SDH), one of its main shareholders, transferred 1,261,034 of SAVA Re shares to the Republic of Slovenia.

"On 3 January 2018, SAVA Re received a notice from Slovenian Sovereign Holding (SDH) stating that based on a resolution of the government of the Republic of Slovenia, SDH transferred, for no consideration, 1,261,034 of SAVA Re shares (POSR shares) to the Republic of Slovenia", the reinsurer pointed out in a press release.

Prior to the transfer, SDH held 4,304,917 shares, which represented 25 % (plus one share) of the total issued shares of SAVA Re, or 27.78 % of shares with voting rights.  

After the transaction, SDH holds 3,043,883 shares, which represents 17.68 % of issued shares of Sava Re, or 19.64 % of shares with voting rights.

Prior to the transfer, the Republic of Slovenia held 476,402 shares, which represented 2.77 % of the total issued shares of SAVA Re, or 3.07 % of shares with voting rights.  

After the transaction, the Republic of Slovenia holds 1,737,436 shares, which represents 10.09 % of issued shares of SAVA Re, or 11.21 % of shares with voting rights.

The company's share capital is divided into 17,219,662 shares. The total number of shares with voting rights is 15,497,696, representing 90 % plus one share of all issued shares. The company holds 1,721,966 own shares with no voting rights attached, which represents 10 % minus one share of all issued shares.

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