Sava Issues Fresh Shares to Fund Its Spa Project

Kranj, 1 March - Sava Holding has issued 286,000 fresh shares at a nominal value of SIT 10,000 (EUR 42) and sales value of SIT 28,000 (EUR 118) per share, thus expanding its share capital by SIT 2.86bn (EUR 12m) to SIT 20.1bn (EUR 84.6m). The shares were purchased at a total of SIT 8bn (EUR 33.7m) by beverage producer Radenska, maker of essential oils and flavourings Etol and investment funds Zvon 1, the state-run Pension Fund Management (KAD) and NFD 1.