The Capital Market Commission has issued a decision to suspend trading of shares of the issuer Institute Simo Milošević from Igalo on the Montenegroberza stock exchange, while the public takeover offer for the institute’s shares is ongoing. The takeover is jointly initiated by the Government, HTP Vile Oliva and related shareholders of the institute, the Development Bank, the Health Insurance Fund, and the Employment Bureau.
Accordingly, Montenegroberza has halted trading of the issuer’s shares starting from July 18, 2025, as announced on the Montenegroberza website.
This means that during the 15-day takeover period, minority shareholders will only be able to sell their shares in a special procedure exclusively to this group of acquirers at a price of 48 euros per share, which has been the trading price in recent months.
