Romania Electroarges Calls Shareholder Meeting On Capital Increase
Romanian home appliance manufacturer Electroarges Curtea de Arges (ELGS.RO) Tuesday proposed increasing its capital by 9.3 million lei (EUR2.13 million) to approximately RON15.5 million to finance investments, the company said in a statement.
This is the company’s second call on stockholders to raise funds in the second half of 2011, following a RON3.33 million capital increase to RON6.19 million in November.
Electroarges plans to issue 30.9 million new shares with a face value of RON0.1. Stockholders will have to pay a bonus of RON0.2 for each new share they buy during the operation.
The proposal is subject to shareholder approval at a meeting due January 14.
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