Romelectro Downsizes Share Capital by 1.73 Mln RON

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

Shareholders in Romelectro SA - Bucharest have decided to lower the share capital by 1.73 million RON to 15.65 million RON. The decision will be effected by nullifying 7,245 shares with a face value of 240 RON equal to 9.99% of the share capital.

Following this measure, the company will have a share capital of 15.65 million RON divided into 65,211 shares with a face value of 240 RON each. Romelectro concluded last year with a gross profit of 13.8 million RON and a turnover of 357.58 million RON. With an average of 70 employees, the company generated a net profit of 11.75 million RON.

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