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80% of newly issued shares of Moldasig insurance company are again offered for sale on the Stock Exchange of Moldova (BVM) at the previous initial price of 358.1 lei per share.

80% of newly issued shares of Moldasig insurance company are again offered for sale on the Stock Exchange of Moldova (BVM) at the previous initial price of 358.1 lei per share.

The company reported this, announcing the sale through the regulated market of the Stock Exchange of Moldova of a single block of 480 thousand (80% of the authorized capital) of newly issued common registered shares of the first class at the previous initial price of 358,1 lei per share. Thus, the total amount of the deal may exceed 171.8 million lei. The auction will be held from August 6 to 19. In accordance with the legislation in force, the newly issued shares of Moldasig insurance company can be purchased only by persons who have obtained a preliminary authorization from the National Bank. It should be noted that 80% of the newly issued shares of Moldasig insurance company were repeatedly offered for sale, but were not sold. The last auction for their sale took place from May 7 to May 22. The initial selling price of the shares was the same - 358.1 lei per unit. The authorized capital of Moldasig insurance company amounts to 60 million lei and is divided into 600 thousand ordinary registered shares worth 100 lei. Currently, 480 thousand issued shares are treasury shares, which is 80% of the total number of shares. 10.2% of Moldasig shares are owned by Banca de Economii, which is in the process of liquidation, and another 5% of Moldasig shares are owned by the State Enterprise “Moldovan Railways”. It should be noted that in July 2019, the National Financial Market Commission (CNPF) introduced a temporary special administration in Moldasig. 80% of its shares were seized in the context of the “billion theft” investigation, and then it was decided to sell the shares from the additional issue issued instead of the seized ones, which were not sold by their owners. Since the tenders for the sale of these shares were not successful, 80% of the newly issued shares were transferred to the direct management of CNPF to fulfill all the rights and obligations of the shareholder. However, based on legal requirements, the company's administrator, its CEO Victor Coada, was then named their real beneficiary. // 12.06.2024 - InfoMarket.

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