info@sava.si   +386 4 206 5510

Displaying items by tag: 2015

Notice of Public Auction for the Sale of Shares of Izletnik Celje d.d.

In accordance with Article 167 of the Law of Property Code, Sava, družba za upravljanje in financiranje, d.d., Dunajska cesta 152, 1000 Ljubljana, hereby announces a notice of Public Auction for the sale of a package of 17,005 (7.49%) of ordinary, registered, no-par value shares of Izletnik Celje d.d., Prometno in turistično podjetje, Aškerčeva ulica 20, 3000 Celje, share designation IZCG, the holder and pledger of which is Izletnik Celje d.d.

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Business operations in the first quarter of 2015

In its 17th regular meeting held on 21 May 2015, the Supervisory Board of Sava d.d. was briefed about the operations of the Sava Group and Sava d.d. in the period January–March 2015. In the first quarter of 2015, the companies of the Sava Group generated sales revenues of €12.8 million, which was a 9% improvement on the plan.

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BAMC unlawfully seized shares of Sava Turizem d.d.

On Friday, 29 May 2015, BAMC has unlawfully and single-handedly seized from Sava d.d. 39,308,317 shares issued by Sava Turizem d.d., representing 99.05% of total shares of Sava Turizem d.d., with the aim of their further selling.

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Sava d.d. filed application for interim decision for returning the shares of Sava Turizem d.d.

On 29 May 2015, Sava d.d. filed application for interim decision for returning the shares of Sava Turizem d.d., as BAMC failed to act in accordance with the legislation and the contractual provisions, too.  Today, Sava d.d. amended its application for interim decision for returning  the shares of Sava Turizem d.d., since additional  breaches of statutory provisions of the Strengthen the Stability of Banks Act (ZUKBS), Financial Collateral Act (ZFZ)  and Code of Obligation (OZ) have been established.

Sava d.d. received the order of the court on the reasons for suspending preventive restructuring

On 2 June 2015, Sava d.d. received the Order on existence of the reasons for suspending preventive restructuring proceedings from the District Court in Ljubljana. The court has namely established that on 29 May 2015, the creditor DUBT d.d. filed a request for suspending the proceedings. In accordance with the Financial Operations, Insolvency Proceedings and Compulsory Dissolution Act (ZFPPIPP), other financial creditors filed a proposal for initiating compulsory settlement for Sava d.d. on 2 June 2015.

Temporary trading halt

Owing to the extraordinary volatility of the SAVA share, resulting from the unexpected events that took place last Friday, Sava d.d. was forced to halt trading with the SAVA share until 9 June 2015 in order to protect shareholders.

Sava d.d. is continuing with the long-term restructuring programme

Owing to the measures implemented by one of the creditors on 29 May 2015, the District Court in Ljubljana has established existence of the reasons for interruption of preventive restructuring proceedings. The compulsory settlement proceedings were instituted. The court has further determined by decision that Matjaž Nanut shall be the administrator in compulsory settlement proceedings, who will perform administrator’s tasks and competencies in the proceedings through the Law firm Nanut, d.o.o.

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Sava d.d. is continuing with the long-term restructuring programme

Owing to the measures implemented by one of the creditors on 29 May 2015, the District Court in Ljubljana has established existence of the reasons for interruption of preventive restructuring proceedings. The compulsory settlement proceedings were instituted. The court has further determined by decision that Matjaž Nanut shall be the administrator in compulsory settlement proceedings, who will perform administrator’s tasks and competencies in the proceedings through the Law firm Nanut, d.o.o.

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Notice about the extraordinary Supervisory Board meeting

The Supervisory Board of Sava d.d. held an extraordinary meeting on 8 June 2015, on the occasion of which the members were briefed about the report by the Management Board on the activities and measures in relation to the recent procedures and steps taken by DUTB, d.d. (hereinafter: BAMC),  as well as about  the content of media communication on the part of BAMC. 

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Sava d.d. owns the shares of Sava Turizem d.d.

Sava d.d.  owns again a 99.05% stake of Sava Turizem d.d., namely 39,308,317 SHBR shares, which  were transferred back to the account of Sava d.d. from the account of DUP1, d.d.

Address

  •   Dunajska 152, 1000 Ljubjana
  •   +386 4 206 5510
  •   +386 4 206 6446
  •   info@sava.si

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