Slovenian lender DBS will carry out a share swap on January 3
LJUBLJANA (Slovenia), December 21 (SeeNews) – Slovenian lender Dezelna banka Slovenije (DBS) plans to carry out a share swap to remove trading restrictions on its shares, it announced on Wednesday.
On January 3, 2023, DBS intends to replace its existing shares with the symbol SZBR with new shares with the symbol DBSR, they wrote in the application to the Ljubljana Stock Exchange.
The exchange will be carried out automatically and every holder of SZBR shares registered on 30 December 2022 will receive the same amount of DBSR shares. Ownership in DBS will not change as a result of the transaction, and the old SZBR shares will be cancelled, the lender announced.
In May 2021, DBS shareholders decided to remove the restrictions that required the prior approval of the board for trading with equity stakes below 5% and the approval of the supervisory board for stakes above this threshold. The bank decided to exchange shares for the sake of greater transparency, as trading restrictions on SZBR shares are still entered in the central securities register, they announced.
Dezelna Banka Slovenije dd is one of the largest banks in SE, for more information see Top 100 Banks