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.

Related articles

ON THE MOVE

TOP EVENT

Why should you participate at FIAR 2018?

With an exclusive list of professional speakers, 7 conferences and workshops analyzing current trends and issues on the re/insurance markets, as well as hundreds of bilateral meetings and networking opportunities, FIAR 2018 represents a key event on the business agenda.

25.04.2018

What re/insurance professionals are already on FIAR 2018's list of speakers?

Specialists from ICMIF - International Cooperative Mutual Insurance Federation and PensionsEurope, representatives of national insurance associations from Austria and Turkey, as well as professionals representing SWISS Re, GEN Re and AUDATEX are just a few of the speakers who have already confirmed their presence at FIAR 2018 - The International Insurance-Reinsurance Forum.

19.04.2018

photodune-3834701-laughing-girl-xs

LIVE: Moscow, Russia: The XXII International Reinsurance Conference

The XXII International Reinsurance Conference has started today in Moscow, organized by Delovoy Format, with the support of the Russian Insurers Association. XPRIMM, the traditional Media Partner of the conference, has launched on the occasion the latest edition of its Insurance Profile Russia, providing for 2017 insurance statistical data.

11.04.2018

photodune-3834701-laughing-girl-xs

The 4th edition of the European Consumer Protection Conference: Main conclusions

The European Consumer Protection Conference, taking place on Thursday, 22 March, in Prague, brought into debate the consumer environment in the current European regulatory and economic landscape, the upcoming legislative changes that will benefit consumers and users of insurance and private pension products, as well as digitalization and the impact of technological advances in the field of financial services.

22.03.2018

See all