Skip to main content

Cementir Holding makes plans to increase share capital

Published by
World Cement,


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

Read the article online at: https://www.worldcement.com/europe-cis/12012015/cementir-holding-makes-plans-to-increase-share-capital-121/

You might also like

 WCT2020

Optimisation 2020

Optimisation 2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »

 

 Spotlight

World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »

 

High-level control in cement production

Dirk Schmidt and Eugen Geibel, KIMA Process Control, discuss how the methods of High-Level Control (HLC) have been used in the cement industry in the early 2000s and control ever more complex closed-loop-controlled processes where standard controllers fail.

 
 

Embed article link: (copy the HTML code below):