PRM and loan surprise
Commenting on the end of last year’s loss of use, the administration noted that the company removed all of the value of old machinery KORFIL (if sold in the future, any earnings will emerge as exceptional profits) and generally was complete reorganization of the balance sheet.
Positive impression created by yesterday’s decision for no remuneration to the members of the board of the company.
—- Details of the capital increase
Specifically, the company will proceed with the capital increase of EUR 108,567.54, without issuing new shares, but by increasing the nominal value of each share from euro 0.50 to euro 0.51 euro euro. The whole amount of the increase will be covered by capital from the “Special reserve development laws” (107.474,36 EUR 1,093.18 million).
Thus, the total share capital will amount to EUR 5,536,944.54 euros and is divided into 10,856,754 registered shares, nominal value 0.51 euros per share, of which 9,550,386 common voting shares and 1,306 .368 Non-voting preferred shares with a nominal value of 0.51 euro each.
It will move to reduce capital by the amount of 3,891,981.54 euros, in order to offset the amount from the account “accumulated losses”. This decrease is accompanied by changing the nominal value of each share from 0.51 euro to 0.50 euro.
Thus, the total share capital will amount at most EUR 1,644,963.00 divided into 3,289,926 shares of which 2,894,057 common voting shares and 395,869 non-voting preferred shares with a nominal value of 0.50 euros each.
Finally, we move to increase capital by EUR 1,644,963.00 by issuing 2,894,057 new ordinary shares with voting rights, nominal value 0.50 euro per share and 395,869 new preference shares without voting rights, the nominal value 0.50 euros per share.
The price of 1.00 euros per common or preferred share. Total issued 3,289,926 new shares.
The amount of the increase will amount to EUR 3,289,926 of which EUR 1,644,963.00 euro will be to increase the share capital, ie 3,289,926 shares (common and preferred) of the nominal value of each share is fifty cents euro (0.50) and an amount of EUR 1,644,963.00 to the account will syrthei Reserves premium.
The increase will be in cash, with the right of preference to existing shareholders of the company. The proportion of pre-emptive rights which will have the old shareholders will be in each new old one, with payment of corresponding amount.
After this increase, the share capital will amount to the amount of EUR 3,289,926.00 divided into 6,579,852 shares of nominal value 0.50 euros each. Of the total of 5,788,114 shares will be common voting shares and 791,738 preferred shares will be non-voting.
The funds will be drawn will be allocated:
* To reduce the bank loan amount 1 million. With the reduction of bank lending resulting improvement of the results of the company.
* For payment recorded on the books of the company’s obligations to suppliers – credit value of 1 million.
* To develop the company’s activity for health. amount of 1 million.
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