English
Shareholders in ceramics manufacturer Vulturul SA - Comarnic (RASDAQ:VULT) will convene this month to discuss increasing the share capital to 16.16 million RON (5.1 million EUR) in order to ensure the funds necessary to pay debts and interest, according to an announcement to RASDAQ quoted by NewsIn.
The company currently has a share capital of 8.08 million RON. If the motion carries, the company will issue 3.23 million new shares with a face value of 2.5 RON. Existing shareholders will be able to subscribe one new share for each existing share. Shareholders registered as such by August 21st will be able to vote on this motion on August 28th.
Vulturul concluded last year with 6.74 million RON in turnover (-23.6%) and a net profit of 675,356 RON compared to losses of 1.49 million RON in 2005. The majority shareholder is Catalin Constantin Chelu with 53.19%, followed by SIF Muntenia with 32.96%.
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