02 July 2014, 09:30 am
Issue of the fifth and last tranche set for 14 July 2014
The fifth and last tranche of the free share capital increase approved by the extraordinary shareholders’ meeting on 23 April 2010 will be implemented on 14 July 2014, after which the Company’s share capital will be increased from the current EUR 90,000,000.00 to EUR 100,000,000.00 via the issue of 20,000,000 ordinary shares with a nominal value of EUR 0.50 each.
The issue of new shares will implement, for the financial year 2014, the resolution of the aforementioned extraordinary shareholders’ meeting, which approved the free share capital increase of EUR 50,000,000.00. Under the resolution, this is to be implemented by converting available reserves to capital and issuing 100,000,000 new ordinary shares in the Company with a nominal value of EUR 0.50 each, to be allocated by 31 December 2014 in five annual tranches of EUR 10,000,000.00 each, represented by 20,000,000 new ordinary shares.