Binas and HM Cement BiH announce corporate developments

The Government of the Federation of Bosnia and Herzegovina has called for an extraordinary shareholders' assembly for the Bugojno-based company Binas, scheduled for November 11. The meeting aims to dismiss acting members of the supervisory board representing state capital, Amer Brčić and Muamer Supur, and appoint Muamer Čehić and Merhunisa Sijamija to four-year terms.

Separately, an auction for shares of HM Cement BiH d. d. Kakanj is set to take place on the Sarajevo Stock Exchange on November 2. The investment fund ZIF PROF-PLUS d. d. Sarajevo is offering 85,000 shares at a price of 100 KM per share, totaling 8.5 million KM. This represents a 70 percent increase in the volume of shares offered compared to previous attempts, alongside a price reduction from the initial September offering of 115 KM per share.