1. When was the IPO (Initial Public Offer) of Viro sugar factory shares made?
The procedure of the initial public offer begun on January 18th, 2006, and it was completed on February 2nd, 2006.
2. What is a quotation?
To be able to trade with a share, it must be enlisted in the stock exchange, in other words it must be quoted. Zagreb Stock Exchange is arranged in the following way: there is the Official Market (the First quotation) where public stock companies are quoted; and the Parallel Market (TN quotation).
3. When was Viro enlisted in the Official Market (the First quotation) of the Zagreb Stock Exchange?
Viro was enlisted in the Official Market of the Zagreb Stock Exchange in April 13th, 2006.
4. Which is the symbol of the Viro’s share in the Zagreb Stock Exchange?
VIRO – R - A
5. How is it possible to buy shares of Viro sugar factory?
The shares of Viro sugar factory that are quoted in the Official Market of the Zagreb Stock Exchange can be bought by all interested investors.
6. To whom may I speak to regarding questions on shares?
All questions regarding Viro’s shares can be addressed to Kornelija Pali on her e-mail address: kornelija.pali@secerana.hr.
7. Which other manufacturing companies in Croatia emit shares by public offer?
Viro sugar factoy is the first manufacturing company in Croatia to emit shares by an initial public offer through the trading system of the Zagreb Stock Exchange.
8. Why is Viro sugar factory interested in uniting with other Croatian sugar factories?
In the race which is facing the sugar industry in the European Union, fragmented Croatian sugar factories will have a hard time surviving. Uniting forces is the natural way that has already taken place in Europe, and it actually guarantees the future to the Croatian sugar industry. By unification significant savings would be made in manufacturing sugar-beet, buying energy sources and expendables, equipment, further investments, which would all finally secure better placement of Croatian sugar.
9. Why is Viro cooperating with the company Pfeifer & Langen?
Pfeifer & Langen is a European sugar manufacturer with factories in Germany, Poland and Romania, the latter being a joint venture between P&L and the French manufacturer Cristal Union of Bazancourt. The total production of sugar amounts to over a million tons. The objective of the cooperation is mutual exchange of experiences in the fields of technology, manufacturing sugar for households, and distribution, in order to increase the competitiveness of Viro sugar factory on the European Union market. On the other hand, Pfeifer & Langen will be enabled to expand their distribution of sugar in the countries of ex Yugoslavia.
10. What is the Law on ESOP?
ESOP stands for Employee Stock Ownership Plan, and it is a plan of employee stockholding which denotes the increase of employee ownership, increase of income, work motivation and increase of social security of constant investing in pension funds. The Law on employee stockholding should define the models according to which the workers will be able to acquire a share in the company ownership.
11. Who performs the auditing of the financial results of Viro sugar factory?
The auditor of Viro’s financial reports and the performer of special auditing based on the terms of the Law on corporations is Investkontakt Revizija Ltd. from Zagreb.
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