Brief: OT Logistics to split, buy back and issue new shares

OT Logistics SA

04/07/2016 11:10

July 4 (Reuters) - OT Logistics SA  OTSL.WA : 
    * Said on Friday that its meeting of shareholders resolved 
to split shares via lowering shares nominal value to 0.24 
zloty/shr from 1.92 zloty ($0.5)/shr  
    * To increase the number of shares to 11.4 mln from 1.4 mln 
in a 1-to-8 share split   
    * Shareholders authorize its management board to buy back 
own shares of the total nominal value equal to 5 pct of its 
share capital 
    * To allocate up to 18.1 mln zlotys to share buyback program 
    * To issue no more than 825,000 series D shares at the issue 
price of 32 zlotys, taking into account the split 
 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM0149241 
     
 Further company coverage:  OTSL.WA   
    
($1 = 3.9862 zlotys) 
 
 (Gdynia Newsroom) 
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