Calimanesti Caciulata May Increase Capital 79%

F.A.
Ziarul BURSA #English Section / 8 noiembrie 2007

Shareholders in the Calimanesti Caciulata hotel company (CALU) have approved the increase of share capital by 4.79 million RON (1.41 million EUR) through a capital injection to a total of 10.85 million RON. In order to do so, the company will issue 47.9 million shares with a face value of 0.1 RON. Shareholders registered as such by November 16th will be able to subscribe 79% of the held shares. The company currently has a share capital of 6.06 million RON (1.78 million EUR) divided into 60.6 million shares with a face value of 0.1 RON. The majority shareholder is Cotexim Com SRL with 87.64%. Results for the first six months included a turnover of 9.6 million RON (3.06 million EUR) down by 6% y/y. The company also posted an H1 profit of 14,300 RON, up 2.6x y/y.

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