Brief: PEPEES Shareholders To Vote On Shares Resplit, Conditional Share Capital Increase

Przedsiebiorstwo Przemyslu Spozywczego PEPEES SA

20/12/2018 14:19

Dec 20 (Reuters) - PEPEES SA  PPSP.WA :
    * SAID ON WEDNESDAY THAT ITS SHAREHOLDER WILL VOTE ON
JANUARY 15
ON INCREASING THE NOMINAL VALUE OF EACH CO'S SHARE TO 0.30 ZLOTY
FROM 0.06 ZLOTY
    * RE-SPLIT OF SHARES WOULD BE DONE WITH PROPORTIONAL
REDUCTION OF
THE TOTAL NUMBER OF SHARES TO 19 MILLION FROM 95 MILLION
    * EVERY FIVE SHARES OF THE COMPANY WITH THE EXISTING NOMINAL
VALUE
OF 0.06 ZLOTY/SHARE WOULD BE MERGED INTO ONE SHARE OF NEW
NOMINAL VALUE OF 0.30 ZLOTY/SHARE
    * SHARES RE-SPLIT WOULD BE CONDUCTED WITH MAINTAINING THE
UNCHANGED AMOUNT OF CAPITAL IN AMOUNT OF 5.7 MILLION ZLOTYS
    * SHAREHOLDERS WILL ALSO VOTE ON CONDITIONAL SHARE CAPITAL
INCREASE BY 6 MILLION ZLOTYS THROUGH SERIES C ISSUE AND SERIES B
SUBSCRIPTION WARRANTS
    * 100 MILLION OF SERIES B WARRANTS OFFERED THROUGH PRIVATE
SUBSCRIPTION WOULD ENTITLE TO 100 MILION SERIES C SHARES OF
NOMINAL AMOUNT OF 0.06 ZLOTY EACH

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM6KdSrsa
    
 Further company coverage:  PPSP.WA  
   


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