Brief: PZ Cormay plans capital increase via series L shares issue

PZ Cormay SA

10/08/2016 07:19

Aug 10 (Reuters) - PZ Cormay SA  CRM.WA : 
    * Said on Tuesday that its supervisory board issued positive 
opinion on draft resolution to raise the company's capital via 
series L shares issue  
    * The company's management presented an adjusted plan of 
capital increase via series L shares issue 
    * On June 30 the company's general meeting of the 
shareholders decided against series L shares issue 
    * Its management plans to propose to the company's 
shareholders to vote on draft resolution of the capital increase 
on the next general meeting 
    * Its management proposes to increase the company's capital 
by no more than 16,695,541 zlotys via issue of up to  16,695,541 
series L shares to shareholders of Orphee SA  ORPP.WA  in 
exchange for Orphee's shares 
    * Its management determined the valuation of one Orphee's 
share at fair value 2.59 zloty  
    * The shares of Orphee will be a contribution in kind to 
cover series L shares at ratio 1 to 0.8  
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM0954661 
     
 Further company coverage:  CRM.WA   
    
 
 
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