Issuers

Corporate agent services

Taking into consideration that the Temporary Registry no longer exists and that as of January 1, 2004 the Central securities depository and clearing house was formed with complete shareholder databases transferred from the Temporary Registry to the Central Register.
The Issuer's main obligation is to match databases with the Central Registers information database. The issuer cannot solely conduct these requirements without a «corporate agent» namely through the Central Register depository and securities clearing house.

The largest problem for corporations is the fact that a large number of corporations managed their shareholder book only in written form or used outdated electronic records. This is the reason it is not simple to methodize and conform to the Central securities depository and clearing house in order to give shareholders the ability to acquire their rights based on the shares they possess.

"Intercity broker" JSC, Beograd is a clearing member of the Central securities depository and clearing house and possesses a complete prepared technology and information system called ISUP designed by the International Center for Financial Market Development as well as the models for fast and effective sequencing and downloading the existing Issuer shareholder book and conformation with the Central securities depository and clearing house.

In the role as corporate agent, “Intercity Broker” JSC Belgrade extends services to their issuers and their shareholders:
Downloading data from the shareholder (issuer) database.


  • Forming electronic records in compliance with the Central securities depository and clearing house.
  • Submitting a CD containing database information to the Central securities depository and clearing house.
  • Forming and submitting a «Request for acquiring insignia for the CFI and ISIN codes» in compliance with «Instructions for usage of the Web application» every issue of shares.
  • Forming «Central securities depository and clearing house Request for opening an issue account and registration of securities on the issuers account» and preparing accompanying documentation.
  • Assembling a«Contract on opening and managing a securities account» with issuer shareholders
  • Announcing and informing deadlines along with the preparation of necessary documents for acceptance of firms on the «free market» or on the «Belgrade Stock Exchange listing» in compliance with Laws and regulations.
  • Forming a Request for electronic transfers of securities from a shareholder ownership account to his trading account in compliance with the given sell order for every shareholder that has submitted a sell order.
  • Forming a Request for electronic transfers of securities from a shareholders trading account to his ownership account, in case the client backs down on sale of shares, but in compliance with the rules and regulations of the Central securities depository and clearing house
  • Inform issuer shareholders regarding the invitation for submitting Proxies and Power of attorneys
  • Inform issuer shareholder regarding given Take over offer of shares
  • Inform the Central securities depository and clearing house regarding the scheduling of Shareholder assemblies
  • Per order issuer submits a Request to the Central securities depository and clearing house for issuance of unique evidence on issuer shareholders used in maintaining a shareholder assembly and in other cases regulated by Law
  • Conducting dividend payouts in monetary funds per regulations of the Central securities depository and clearing house, based on the order and issuer instructions.
  • conducting withdrawal of issued shares per issuer order
  • Publicly advertise the Prospect and indicator of the companies operations
  • Preparation of necessary documentation for submitting shares on the Belgrade Stock Exchange listing or on the free market
  • Managing analytical evidence in regards to the obligation status of issued shares
Documentation necessary for registration of securities in the Central securities depository and clearing house consist of the following:

  • a photocopy of the Certificate of registration into the Serbian Business Registers Agency
  • a photocopy of the company’s regulations
  • a signature card form
  • a copy of an identification card or passport of the signature holders
  • Tax identification number certificate
  • Decision on issued shares.
Maintaining the shareholders book for Companies

It is very important for issuers to recognize the status of existing shareholders, considering the obligations that may derive from Law on Accounting and Law on business companies. In addition, issuers must have direct contact with its shareholders and must inform them of quintessential events related to their Company which is undoubtedly of immense significance, because these shareholders are in fact owners of the Company.

Due to these reasons «Intercity broker" JSC, Belgrade possesses a technical information system called ISUP where issuers now have the capability to manage their complete evidence and direct communication with their shareholders.
The services we extend in managing the shareholders book for issuers consist of:
  • Sequencing data from the issuers existing database
  • Cooperation with International center for financial market development in the installation of ISUP an up-to-date information system for managing shareholder books, which was developed and designed by International center for financial market development.
  • Creating the shareholders book
  • Adjusting the shareholders book for necessary processes in conducting secondary trading of shares through the Belgrade Stock Exchange
  • Creating and making possible the stamping process of Certificates of ownership over shares after change of ownership (until dematerialization) and supporting the organization in delivering Certificates.
  • Updating shareholders book after profit reinvestment and/or new emission of shares in the goal to continue the company’s share capital increase
  • Managing a specific share account for shareholders who have registered, but have not paid off their shares
  • Updating shareholder books after profit reinvestment and/or new emission of shares in the goal to continue the company’s share capital increase and updating evidence in the Central securities depository and clearing house
  • The preparation of identifying number of votes at the shareholder Assembly (incorporating votes of minority shareholders, transferring and evidencing authorization of other entities, forming requests for approval of proxy declarations, developing Power of Attorneys and similar
  • Representing shareholders at the Shareholders Assembly and managing accounts regarding his/her rights based on the ownership over shares (dividends, revaluation, participation and etc.
  • Extending consultant support for realization of business connected with the secondary share market
  • Issuing certificates on capital worth of every single shareholder at the end of the business year due to resolving tax obligations in compliance with Law on accounting, Law on companies and etc.

Preparing companies for entrance of their shares on the Stock Exchange
Enforcement of new business regulations of the Belgrade Stock Exchange caused new obligations for Companies who wish to enter their shares on the free stock market.
With this said, “Intercity Broker” JSC Belgrade offers an array of consulting services for Companies in compliance with Law the ability to list their shares on the stock market.
The most important services we offer are:
  • develop the Prospect for joint stock companies in order to begin trading shares on the Belgrade Stock Exchange in compliance with Law,
  • organizing notification of shareholder on the possibility of admitting and order for sale or purchasing,
  • organizing receiving sell orders and purchasing of shares,
  • consulting services during formation and completion of necessary documentation for acceptance of shares to be listed on the Belgrade Stock Exchange or on the free stock market,
  • submitting to the Belgrade Stock Exchange a request in order to schedule trading,
  • secure notification of scheduled date and time of the first auction in one of the daily newspapers,
  • submitting requests for listing Companies shares on the Stock Exchange,
  • securing complete consulting services and instructions to all Joint Stock Companies shareholders which are related to replenishment, publishing, settling and clearing orders and transactions.
Process of capital increase based on new emission of shares – share capital increase

Intercity broker JSC Belgrade has an experienced staff and consultants with great experience in conducting a share capital increase process. Based on the complexity of services which we offer during realization of share capital increase, only the most important are defined below:
  • defining the Decision of capital increase,
  • assistance in choosing a bank which will handle payment of registered shares,
  • developing the Prospect for issuing along with additional documentation in compliance with Law,
  • allocation of CFI codes and ISIN numbers in the Central securities depository and clearing house,
  • formulating and sending the Request for the Securities Commission in order to acquire approval on successful issues,
  • development of total issue construction and take over,
  • development of selling shares model,
  • development of reports on managed issues (share capital increase) and the request for acquiring over 25% of participation of capital (reports and requests are submitted to the Central securities depository and clearing house),
  • registering shareholders in the Central securities depository and clearing house and in the register (shareholder book) shareholders at companies,
  • developing Certificates of ownership over shares (until share capital increase of shares),
  • developing documentation for registration changes in the competent courthouse,
  • process of share capital increase based on the tender Contract (our experts and consultants are the first to extend this type of service on the domestic market). Alongside standard realization the existence of speedy procedures of share capital increase based on the tender Contract which our experts also successfully realize.