'Trace Group Hold' PLC on the grounds of sale and purchase contract dated on 11.10.2016 acquired 100% of the shares of its Serbian company 'Trace PZP Vranje' Ltd. As a result Trace is owner of the subsidiary that has a capital of 378 010 000 RSD, of which cash contribution amounted to 10,000 SRB and non-cash contribution of 378 000 000 RSD.

'Trace PZP Vranje' Ltd. is a part of 'Trace Group Hold' PLC by early 2015 and performs construction activities related to maintenance and reconstruction of streets and roads in the territory of 13 municipalities in the Republic of Serbia. The company possesses three asphalt plants, two concrete bases, more than 100 road - construction machinery and transport equipment, technical and production facilities and offices. Serbian company has technical facilities situated in Vranje and Leskovac and production bases in all adjacent municipalities. The administrative offices of 'Trace PZP Vranje' Ltd. are located in Vranje and Leskovac.

'Trace PPP Vranje' Ltd. actively participates in construction tenders and is involved in infrastructure projects implemented under state programs of the Republic of Serbia and other public procurements. The net income of 'Trace PPP Vranje' Ltd. for 2015 form 23% of the total revenue of 'Trace Group Hold' PLC on the Serbian market.

Trace Group Hold AD published this content on 14 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 October 2016 08:08:09 UTC.

Original documenthttp://www.tracebg.com/en/articles/trace-acquired-100-“trace-pzp-vranje”-ltd-shares

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