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BASIC INFORMATION ABOUT THE FUND:
Privatizing investment fund "Jahorina Konseko invest" A.D. Pale, Pale, Dobrosava Jevdjevica bb, tel/fax: ++ 387 (0) 57 201-640, e-mail:fondpale@teol.net.
The short name of the Fund is "Jahorina Koin" A.D.
The duration of the Fund is limited, the longest five years from the date of legal registration. After that the Fund will be transformed into a closed investment fund pursuant to the special law regulations.
BASIC BUSINESS:
The business of the PIF is investing into long-term and short-term securities and money deposits, managing stock companies whose shares are held by the Fund in its portfolio, while respecting investment objectives and policies set by the Fund Prospectus and the Fund Statute.
FUND CAPITAL:
Total fund capital:118.342.199,91
Basic Fund Capital:118.176.000,00
Emission premium: 166.199,91
Number of shares: 1.969.600
Nominal value per share: 60,00 КМ
Start trade date on Banja Luka stock exchange: 11 March 2003
Trade segment: PIF cotization
Number of shares on the Banja Luka stock exchange: 1.969.600
FUND MANAGING:
The privatizing investment fund "Jahorina Konseko invest" A.D. is managed by the "Jahorina Konseko progres" A.D. Pale Company for managing the privatizing investment fund under the Contract on managing the Privatizing investment fund.
The Commission for Securities of the Republic of Srpska agreed to this contract and it was approved by the Fund Shareholders Assembly at its session of 23 April 2003.
FUND BODIES:
FUND BUSINESS POLICY:
Investment objectives
- Achievement of liquidity and raise of Fund capital,
- Provision of profit and payment of dividends to Fund shareholders,
- Provision of compensation to the Company for managing the privatizing investment fund
Fund investing policy:
- Reducing risk to the least possible level by selective approach towards selection of enterprises,
- Substitution of vouchers for shares of a greater number of profitable enterprises,
- Substitution of vouchers for shares of profitable enterprises from the propulsive economic activities,
- Investment in strategic enterprises, public works projects and infrastructure projects,
- Investment in foreign markets.
Basic criteria for establishing possible enterprises
- Integrity and reputation of enterprise,
- Structure of the current production program,
- Participation on home and foreign market,
- Prospects of development of production program,
- Prospects of export increase,
- Realizing profit and potential rise,
- Raising interest with home and foreign investors,
- Active management policy.
Risk of investment into the Fund:
Investing into the Fund is a risky business for all Fund shareholders. The Company does not provide guarantee of any profit for the Fund shareholders. The value of Fund shares will decrease or increase dependant on prevailing securities market conditions, limited investing possibilities, change in macroeconomic policy and capability of the economy to adapt to market business conditions. It is estimated that the value of Fund shares will decrease during first two to three years due to undeveloped securities market , little supply and lack of fresh capital in economic flows etc.
Dividend policy
The profit will be shown through the reports on Fund activities. The Shareholders' Assembly will decide on profit distribution upon the Company's proposal. The Fund depositor will pay dividend. The Fund shareholders will be paid dividends for the previous fiscal year in accordance with the statement of entries in the Central Securities Register of RS on the day of the decision on the profit distribution. |
