Key Developments: Istrabenz dd (ITBG.LJ)

ITBG.LJ on Ljubljana Stock Exchange

28 Nov 2014
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Latest Key Developments (Source: Significant Developments)

ISTRABENZ dd appoints Chairman of Supervisory Board
Friday, 30 May 2014 08:28am EDT 

ISTRABENZ dd:Appoints Milan Marinic for the position of the Chairman of the Supervisory Board of the company as of May 30.  Full Article

ISTRABENZ dd appoints auditor for FY 2014
Thursday, 29 May 2014 10:04am EDT 

ISTRABENZ dd:Appoints Deloitte revizija d.o.o. to review its financial statements for the 2014 fiscal year.  Full Article

ISTRABENZ dd announces resignation of Chairman of Supervisory Board
Tuesday, 29 Apr 2014 07:31am EDT 

ISTRABENZ dd:Miha Resman resigns from the position of Chairman of the Supervisory Board of the company as of April 28.  Full Article

ISTRABENZ dd to dispose shares of Petrol dd Ljubljana
Tuesday, 18 Mar 2014 09:46am EDT 

ISTRABENZ dd:Signs a consulting agreement with the company Publikum Holding, d.o.o. Ljubljana with regard to the execution of a disposal process of 84,490 shares of the Petrol d.d., Ljubljana owned by Istrabenz, corresponding to a 4.05 per cent share in the share capital of Petrol d.d., Ljubljana.  Full Article

ISTRABENZ dd's report concerning implementation of financial restructuring published
Thursday, 20 Feb 2014 09:49am EST 

ISTRABENZ dd:District Court in Koper published a report on the implementation of the financial restructuring of the company for the period from Oct. 1, 2013 to Dec. 31, 2013.  Full Article

ISTRABENZ dd receives decision from DURS (Tax Administration of the Republic of Slovenia)
Tuesday, 17 Dec 2013 09:10am EST 

ISTRABENZ dd:Says on Dec. 12, it received from its tax agent a decision of DURS (Tax Administration of the Republic of Slovenia) - Special Tax Office, decision from Nov. 25, stating a tax liability of the company as a result of underpayment of corporate income tax for 2007.Says the amount of tax for 2007 is equal to 860,463.86 euros plus accumulated interest.Says the decision is based on the tax inspection performed by DURS – Special Tax Office with regard to the period from Jan. 1, 2007 until Dec. 31, 2008.Says the company has at its disposal sufficient financial assets that are required to settle the above-mentioned liability resulting out of tax underpayment.Says it will appeal against the decision of DURS – Special Tax Office and continue to implement all business activities as agreed with its lenders (i.e. banks) in Annex no. 1 to the Side Agreement executed on Feb. 28, 2013.  Full Article

ISTRABENZ dd Announces Its Restructuring
Tuesday, 10 Sep 2013 09:23am EDT 

ISTRABENZ dd announced that following a restructuring of the financial liabilities of the companies Istrabenz Turizem, d.d. and Istrabenz hoteli Portoroz, d.o.o. and after obtaining the approval of the creditor banks of the Company with regard to the above-stated executed agreements on restructuring, the Istrabenz Turizem Group has obtained the conditions required to start a new development cycle. Namely, a constituent part of the refinancing program are the investments in hotel development by means of which the company Istrabenz Turizem, d.d. will manage to consolidate its international competitive position. Most likely, the investment projects will be implemented by the end of 2015.  Full Article

District Court in Koper Releases Report on ISTRABENZ dd's Financial Restructuring
Tuesday, 20 Aug 2013 02:59am EDT 

ISTRABENZ dd announced that on August 20, 2013, the District Court in Koper released a report on the implementation of the financial restructuring of the Company for the period running from April 1, 2013 to June 30, 2013.  Full Article

Supreme Court of Republic of Slovenia Rejects Review Requested by Zavarovalnica Triglav dd Concerning Decision of Higher Court of Koper in Proceedings Between Company and Istrabenz dd
Tuesday, 20 Aug 2013 02:30am EDT 

Zavarovalnica Triglav dd announced that on August 19, 2013, it has received a decision of the Supreme Court of the Republic of Slovenia in response to its request for the judicial review of the decision issued by the Higher Court of Koper on February 10, 2011 in the case of Zavarovalnica Triglav dd and Istrabenz dd, claiming EUR 19,950,000 with default interest, which rejected Zavarovalnica Triglav’s appeal and confirmed the decision of the court of first instance of February 9, 2010. The Supreme Court of the Republic of Slovenia decided to reject the review requested by Zavarovalnica Triglav dd.  Full Article

ISTRABENZ dd Appoints Mr. Miha Resman as Chairman of Supervisory Board
Thursday, 11 Jul 2013 07:15am EDT 

ISTRABENZ dd announced that it has appointed Mr. Miha Resman for the position of Chairman of the Supervisory Board of the Company as of July 10, 2013. Mr. Resman is replacing Mr. Janez Groselj who resigned from this position.  Full Article

Deals of the day- Mergers and acquisitions

(Adds Allergan, Kharafi National, Inditex, RCS Capital, PGE, Energy Future, Istrabenz, Aetna, National CineMedia, Danone, Cosumar, Sysco Corp, updates Altice SA, RTL Group, Yildiz Holding)

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