Foremar SA Baia Mare Might Double Share Capital

F.A.
Ziarul BURSA #English Section / 22 martie 2007

The management Board of Baia Mare-based company Foremar SA will propose to shareholders an increase in share capital by 5,2 million RON (1,5 million EUR), through cash injection and in-kind contribution, according to data published by the company in the Official Gazette quoted by NewsIn.

The new share capital of Foremar SA Baia Mare is 10,64 million RON (3,1 million EUR), divided into 266.089 shares with a face value of 40 RON. The majority shareholder is PAS Foremar SA, holding 56,18% in the company.

Shareholders have also approved the issuance of 52.534 shares with a face value of 40 RON/share, which will be attributed to the Romanian state, represented by AVAS Bucharest, with a holding of 19,74% in the company.

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