Brief: HCI Capital comments on capital reductions

Ernst Russ AG

08/09/2015 07:16

Sept 8 (Reuters) - HCI Capital AG  HXCIGn.DE : 
    * Said on Monday had registered capital reductions in 
Commercial Register 
    * Said first capital reduction concerns reduction of share 
capital by 3.00 euros to 36,692,642.00 euros ($41.12 million) 
    * Said second capital reduction is carried out to compensate 
for impairments in amount of 8,062,967.00 euros, and to cover 
other losses, and for re-establishing of capital reserve 
totalling 2,420,645.00 euros  
    * Said capital reduction is carried out in such a way that 
shares would be merged in ratio 7:5  
    * Share capital of company is thereby reduced by 
10,483,612.00 euros to 26,209,030.00 euros 
 
     
 Source text for Eikon:  ID:nEQ3ThXJGa  
     
 Further company coverage:  HXCIGn.DE   
    
 
 
 
($1 = 0.8924 euros) 
 
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