Dafora Mediaş to increase its share capital by 5.1 million lei

Ovidiu VRÂNCEANU (Translated by Cosmin Ghidoveanu)
Ziarul BURSA #English Section / 27 iulie 2011

The shareholders of Dafora Mediaş, specializing in drilling and construction, have approved the increase of the company"s share capital by 5.1 million lei, from 97.3 million lei to 102.4 million lei. The share capital increase will be made predominantly with cash, as well as by compensating a debt of 2.8 million lei to the largest shareholder of the company, Gheorghe Călburean.

In order to increase its capital, the company will issue 51.2 million shares with a face value of 0.1 million lei, of which almost half will belong to its largest shareholder, the president of the Board of Directors and General Manager Gheorghe Călburean, to settle a debt. Also, shares worth 382,000 lei will be used to settle another debt that the company owes to another company of the Dafora group, controlled by Călburean. The other shareholders will be allowed to subscribe shares worth 2.2 million lei, allowing them to keep their stakes intact.

The other shareholders will be allowed to subscribe the remaining shares worth 2.2 million lei to keep their stakes in the company.

Profit of Dafora Mediaş fell 3.4 times YOY in Q1 2011, to 1.8 million lei. During the reviewed period, the company"s revenues increased slightly, from 48 million lei to 48.2 million lei, whereas expenses increased 11%, to 46.3 million lei.

Gheorghe Călburean owns 48.58% of the shares of Dafora.

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