Trade with stocks impossible for 26 firms
- Trade with stocks impossible for 26 firms
- Post By daniloc
- 12:00, 23 mart, 2002

Right on rating at Montenegrin stock markets and scheduling of first stockholders; assemblies has not still been realized by 26 firms that have not been registered in Central depositing agency (CDA) and at Commission for securities (CS), was announced by P.R.A.
This was not the only issue discussed about at today#s meeting of Expert Coordination body (ECB). Members of ECB analyzed activities of all the subjects of market of capital and scheduling of the first stockholders# assemblies after Mass Voucher privatization (MVP).
CDA announced that three more companies #Radoje Dakic# from Podgorica, Obod from Cetine and Konkol from Kolasin had not delivered books of stockholders to this institution. Railroad transport firm (ZTP) and Electrical industry of Montenegro have not so far provided necessary documentation for registration at CS.
CDA expects that Vunko and farm Moravac from Bijlo Polje, ZTP, Budvanska rivijera, Electircal industry, Napredak from Kotor, Hotel tourist firm Bika and Famond from Rozaje will be enabled to trade with stocks till the end of next week.
Uniting of old and new stocks and harmonization of documentation for these firms is in progress.
It was concluded at the session that apart from Electrical industry and ZTP 15 more companies had not been registered at CS and those are Crnagorakoop, Bratstvo Jedinstvo from Ulcinj, Krusik from Mojkovac, Kristal from Rozaje, Ultep from Ulcinj, Kotor Proekt, Nova trgovina from Rozaje and Koka product from Podgorica.
Not even the following firms were registered: 2M from Rozaje, Hotel Tara, Koni confection, Imako, Polipak, Maksim from Murino and DIP from Zabljak.
Registration at CS is one of conditions necessary for trade with stocks and it means that owners cannot sell them at stock markets.
Members of ECB noticed that certain companies are holding assemblies in old way not respecting the fact that beginning from 15 February they had new owners.
It was concluded that Privatization Council should be informed about this problem and that companies should be recommended to take care about the current stockholders from CDA list on the occasion of scheduling the assemblies not denying them the right to be present and to decide.