SUNCE HOTELI d.d. announced to issue up to 1,190,217 regular shares with a face value of KN 100 each and issue price of KN 184 per regular share for a total gross proceeds of KN 218,999,928 on November 10, 2021. The transaction will include participation from returning investors Eagle Hills Zagreb Real Estate d.o.o. for up to 83.71% of the new shares and ERSTE d.o.o. - drustvo za upravljanje obveznim i dobrovoljnim mirovinskim fondovima for up to 16.29% of the new shares. The transaction is subject to voting approval from shareholders on the proposed capital increase at a meeting to be held on December 12, 2021.

The capital increase will be considered successful upon issuance of at least 996,331 new shares.