During the process of collecting expressions of interest, which ended on 16/02/2021 the Company received statements, of which only one resulted in a specific offer, a joint conditional offer of the companies CONSTRUCTION LINE ltd. and KONČAR-ELEKTROINDUSTRIJA d.d. These companies have expressed interest in participating in the financial restructuring through investment in share capital, following the conditions stated in the offer.
By the above offer, the restructuring model of the Company would essentially consist of the implementation of the following actions:
• reduction of the Company's share capital from the amount of HRK 247,193,050 to the amount of HRK 2,471,930 to cover losses from previous periods;
• increase of the Company's share capital from the amount of HRK 2,471,930 to the amount of at least HRK 152,471,930 and at most HRK 412,471,930 by subscribing shares in three rounds, cash payments, and/or contributions by entering rights (claims).
Considering that the said offer is the only offer received by the Company, following the provisions of the Companies Act, the Management Board and the Supervisory Board of Dalekovod, d.d., decided to convene the General Assembly of Shareholders to make the necessary decisions to restructure the Company according to the proposed model.
The expected outcome of the implementation of the proposed restructuring model is the raising of capital to achieve the necessary capitalization of the Company, i.e., to eliminate capital inadequacies and to close liabilities to the Company's creditors.