Zagreb – The meeting of JANAF Plc. Supervisory Board was held in Zagreb today, 19 February 2009.
At the meeting, JANAF’s Supervisory Board adopted the following Decision:
l. The Supervisory Board agrees for the capital increase of Jadranski naftovod, dioničko društvo (JANAF Plc.), to be conducted as foreseen in point ll of the Decision.
ll. The capital increase of Jadranski naftovod, dioničko društvo (JANAF Plc.), shall be made through money investment, by issuing 264.812 shares, with nominal value of HRK 2.700,00. The price of newly issued shares shall be determined according to the book value per share as at 31 December 2008, in the amount of HRK 3.021,00 per share. Under the stated conditions, the possibility shall be considered of conducting the capital increase by issuing preference shares.
lll. The Management Board of Jadranski naftovod, dioničko društvo (JANAF Plc.), is entrusted with the task of continuing to pursue the activities on company’s share capital increase, by undertaking all legally anticipated actions and procedures and of convoking an Extraordinary General Meeting of company’s shareholders within the shortest possible period for the purpose of conducting the process of share capital increase.