Imotrust To Double Capital, Move to BSE Tier 2

F.A.
Ziarul BURSA #English Section / 3 octombrie 2007

Real estate developer Imotrust - Arad (ARCV) has asked shareholders to approve a share capital increase by 10.68 million RON (3.19 million EUR) to 21.36 million RON and the move to the Bucharest Stock Exchange Tier 2. If the decision is positive, the company will issue 106.8 millions shares with a face value of 0.1 RON. Shareholders would be able to subscribe one new share for every existing share.

Imotrust concluded H1 with a net profit of 18.04 million RON (5.7 million EUR), up 5.5 times y/y, and 1.3 million RON (414,961 EUR), up by 62.5% y/y. The company has a share capital of 10.68 million RON divided into 106.8 million shares with a face value of 0.1 RON. A concerted group of companies and businesspeople based in Arad holds 71.81%. Morgan Stanley & Co International Ltd holds less than 5%.

www.agerpres.ro
www.dreptonline.ro
www.hipo.ro

adb