Brief: Grupa Azoty Convenes EGM To Uphold State Treasury Share Issue Plan
BRIEF-Grupa Azoty Convenes EGM To Uphold State Treasury Share Issue Plan Aug 27 (Reuters) - Grupa Azoty SA ATTP.WA:
SAID ON WEDNESDAY THAT MANAGEMENT BOARD HAD RESOLVED TO CONTINUE PROCESS OF SHARE CAPITAL INCREASE VIA SERIES E SHARE ISSUANCE TARGETED AT THE STATE TREASURY SHAREHOLDER AS STRATEGIC INVESTOR
CONVENES EGM SCHEDULED FOR SEPTEMBER 22 TO VOTE ON SHARE ISSUE RESOLUTION
DETAILS OF CAPITAL INCREASE REMAIN UNCHANGED FROM MARCH RESOLUTION
CAPITAL INCREASE OF UP TO 168.6 MLN ZLOTYS VIA ISSUE OF UP TO 33.7 MLN E SERIES SHARES OFFERED IN PRIVATE SUBSCRIPTION TO STATE TREASURY
"THE SHARE ISSUANCE IS PART OF A BROADER PLAN TO REBUILD THE FINANCIAL STABILITY OF GRUPA AZOTY" - DEPUTY CEO JACEK PODGORSKI SAID IN A STATEMENT
"THE NECESSITY TO ADOPT ANOTHER RESOLUTION STEMS DIRECTLY FROM THE TIMEFRAMES SPECIFIED IN LEGAL REGULATIONS" - DEPUTY CEO JACEK PODGORSKI SAID IN A STATEMENT
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