Uljanik d.d. (ZGSE:ULJN-R-A) is planning got sell unit to its workers. The company stated that it has launched a procedure to sell shares of its 3.MAJ d.d. (ZGSE:3MAJ-R-A) to its workers. It added that the move is in line with obligations undertaken with the privatization deal for 3. Maj signed in June 2013 in order to make an offer for the sale of 3. Maj shares to its workers within one year.

Under the terms of a possible deal, Uljanik is obliged to offer up to 0.11 million shares of 3.MAJ to its workers. In the first round of the sale process, each worker will be able to subscribe up to 70 shares of 3.MAJ, while in the second round, they will be able to acquire more, but not over 1,000 shares each. The first round will last between June 2, 2014 and June 5, 2014.

The second round will begin on June 6, 2014 and will end on the same day.