Edition:
India

Frigoglass SA Announces The Reduction Of Its Share Capital


Friday, 18 Oct 2019 

Oct 18 (Reuters) - Frigoglass SA ::ANNOUNCED ON THURSDAY THE REDUCTION OF ITS SHARE CAPITAL THROUGH THE REDUCTION OF THE SHARES’ NOMINAL VALUE FOR THE PURPOSES OF OFFSETTING ACCUMULATED LOSSES.REDUCTION OF THE NOMINAL VALUE OF EACH COMMON REGISTERED SHARE FROM EUR 0.36 TO EUR 0.10 AIMING AT THE FORMATION OF A SPECIAL RESERVE OF EQUAL AMOUNT TO OFFSET ACCUMULATED LOSSES.FOLLOWING THE REDUCTION, THE COMPANY’S SHARE CAPITAL AMOUNTS TO EUR 35.5 MLN.SHARES TO START TRADING IN THE ATHENS STOCK EXCHANGE WITH THE NEW NOMINAL VALUE OF EUR 0.10 PER SHARE ON OCT. 22, 2019. 

Company Quote

0.195
-0.003 -1.52%
13 Dec 2019