Details of the basis of transfer

No. and date of the decision of issuer’s shareholder meeting concerning transfer of shares to the acquiring party

No. SD-03/19 dated 04 July 2019

No. and date of the decision of the registration court concerning registration of the resolution to register the decision on transfer of shares to the acquiring party in the court register

057-0-Reg-19-001878 of 15 August 2019

Issuer details

Name:

Brokersko društvo za osiguranje

“M BROKER” A.D. BANJA LUKA

Registered address:         

Vidovdanska br. 33, Banja Luka

Registration no.:

11119093

Code:

MBRK

Acquiring party details

Name:

Brokersko-dilersko društvo

“MONET BROKER” AD BANJA LUKA

Address:        

Kralja Petra I Karađorđevića 139,

Banja Luka

Transfer of shares details

Date of transfer of shares

22 August 2019

Price per share

1,10 BAM

NOTE: REVIEW OF THE FEE BY THE COURT

According to Article 438d of Companies Act, if the offered fee is not appropriate, any minority shareholder may, within 30 days of the day of registration of the decision on transfer of shares to the controlling shareholder/acquiring party in the court register, propose that the court determine an appropriate fee in an out-of-court proceedings. A minority shareholder has the same right if the controlling shareholder/acquiring party failed to make a proper payment (i.e. it did not compute interest, did not make the full payment etc.), as well as in the case of failure to offer an appropriate cash compensation for the shares of an individual minority shareholder within 30 days of the receipt of claim from any remaining company shareholders.

Deadline for review of the fee by the court

by 16 September 2019

REMARK: STATUTE OF LIMITATIONS FOR RIGHT TO PAYMENT OF THE CASH FEE

Pursuant to Article 440 of the Companies Act the right to payment of the cash fee becomes a subject of statute of limitations within three (3) years as of the day of registration of the decision on transfer of shares in the court register, after which the funds that were deposited as the cash fee will be transferred to the Republic of Srpska budget.

The right of minority shareholders to be paid a cash fee becomes subject of statute of limitations

On 15 August 2022