Shareholders are injecting another RON 51 million to the capital of ARDAF
ARDAF, company member of the group GENERALI PPF Holding, will receive a new capital increase, worth RON 51 million (about EUR 12 million), according to the convocatoria for the Extraordinary General Meeting of Shareholders (AGEA), scheduled for February 15, current year.
In the fall of 2009, the shareholders of ARDAF also operated a capital increase, of RON 200 million, decided at the July AGEA, the share capital of the company thereby reaching RON 309 million.
"The share capital increase is needed to support running and developing the business of the society and to meet legal requirements in force", said the company's directorate, in the report submitted to BSE.
ARDAF shares have been suspended since December 2, 2009, from the RASDAQ market trading, according to a decision of the National Securities Commission, as GENERALI PPF announced that the insurer would be delisted from BSE after the withdrawal of minority shareholders of the company. The group would pay them RON 1.3 million for the 11.8 million shares held by minority shareholders, representing 1.08% of the capital of ARDAF.
ARDAF is indirectly controlled by GENERALI PPF Group, through IBERIAN Structured Investments, which owns 98.87% in the insurer's shares, a stake increased by 16.87% in the public takeover offer which was conducted in June last year.
Author: Andreea IONETE
on 26.01.2010
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