Brief: Sintesi Shareholders Revoke Decision To Cover Past Losses With Available Reserves
08/08/2018 15:53
Aug 8 (Reuters) - Sintesi SII.MI :
* SAID ON TUESDAY THAT YORKVILLE ADVISORS, MANAGER OF FUND
YA
GLOBAL HAD MADE A COMPLAINT REGARDING A DECISION OF THE
SHAREHOLDERS' MEETING HELD ON JUNE 6
* YA GLOBAL COMPLAINED THAT THE DECISION INVOLVED USING ITS
PAYMENT FOR A FUTURE CAPITAL INCREASE TO COVER PAST LOSSES
RATHER THAN FOR A CAPITAL INCREASE
* SHAREHOLDERS APPROVED TO REVOKE THE DECISION AND TO NOT
PROCEED
WITH THE CANCELLATION OF PAST LOSSES
* IN THE EXTRAORDINARY SESSION THE COMPANY'S SHAREHOLDERS
APPROVED
CHANGE OF NAME TO TITANMET SPA
Source text for Eikon: urn:newsml:reuters.com:*:nBIA2bKHcr
Further company coverage: SII.MI
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