Cementir Holding’s Board of Directors has resolved upon convening an Extraordinary Shareholders’ Meeting on 23 February 2015 in order to vest the Board of Directors, pursuant to article 2443 of Italian Civil Code, with the power to increase the share capital (with subsequent amendment to article 3 of the articles of association), to be exercised within five years, in one or more tranches, with pre-emptive rights.
The amount of the increase, including any possible share premium (sovrapprezzo), shall not exceed €300 million.
The purpose of this proposal is to increase the capital resources and the financial flexibility of the company as part of the implementation of its growth strategy.
Adapted from press release by Katherine Guenioui
Read the article online at: https://www.worldcement.com/europe-cis/12012015/cementir-holding-makes-plans-to-increase-share-capital-121/