During the initial public offering, shares were subscribed by Mandatory and Voluntary Pension Funds, Mutual Funds, Insurance Companies and Retail Investors with which the new shares acquired represent 32,13% stake in the Company. The increase of share capital was executed by payment in cash, with the offering being priced at HRK 35 00 per share, by issuing 6.345.599 new registered no par value shares, as a result of which the total number of ordinary shares increased to 19.751.989. The total funds raised through the public offering amounted to HRK 222.095.965,00 Croatian kuna (approx 29,5 milion EUR). Following the successful issuance of new ordinary shares, CIAK Grupa dd plans to list all existing and new shares on the Zagreb Stock Exchange.
It should be emphasized that the IPO of the CIAK Group is also the largest IPO in the Republic of Croatia in the last 3 years, and that after the initial public offering of shares CIAK Group is one of only 7 Croatian companies in which all four mandatory pension funds have invested, which clearly shows the long-term investment potential of CIAK Grupa d.d. shares.