Explanation about trading with SAVA shares
In accordance with the decision by Ljubljana Stock Exchange d.d., trading with SAVA shares was halted on 17 February 2016; this decision was made without Sava d.d. requesting for a trading halt.
Trading was halted in order to protect investors’ interests, since the terms and conditions, under which financial restructuring will be performed as well as the actual effects of restructuring on the existing and potential future investors as new shareholders of Sava d.d., were not publicly known prior to publicly announcing the creditors’ financial restructuring proposal.
On 16 February 2016, the creditors – proposers in the compulsory settlement proceedings against Sava d.d. filed the financial restructuring proposal, which on request by the court was duly supplemented on 26 February 2016. On 1 March 2016, the financial restructuring proposal was made publicly available on the Ajpes website. The proposal shows the conditions proposed for the course as well as the effects of financial restructuring on the existing and potential investors as new shareholders of Sava d.d.
The information posted on the Ajpes website as of 1 March 2016 is publicly accessible and provides a satisfactory basis for investors’ assessment of the company’s position, which is why Sava d.d. has already sent Ljubljana Stock Exchange d.d. a request for releasing the trading with SAVA shares.
Sava, d.d.
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