Romania SIF Moldova Proposes Tripling Capital To RON155.7M
Romanian regional investment fund SIF Moldova (SIF2.RO) Tuesday call on its shareholders to triple the fund’s capital to 155.7 million lei (EUR), saying its planned dividend payments would deplete the reserves and hinder investments.
The proposal is subject to holders’ approval at a meeting due April 5.
If approved, the operation will entail issuing 1.038 billion new shares at a face value of RON0.1, SIF Moldova said in a statement.
SIF Moldova plans to pay a dividend of RON0.22 a share for the 2011 net profit, more than double compared with RON0.09 a share in the previous year.
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