Vladimír Urbánek (Kurzy.cz)
Czech markets  |  June 17, 2011 08:51:41

Pegasus held VH


On Wednesday, 15 June organized by Pegasus Nonwovens Annual General Meeting (AGM). GM agenda contained the usual points. It was also voted that Pegasus may acquire own shares up to 10% in the next 5 years. Note that VH rule on dividend income in 2010, there should notify management about the company in August. Report shall be deemed neutral.


This approval only perceived as a possibility to repurchase, but no current intention to implement it. Pegasus currently being finalized in line with the overall capex Přímětice to 50 million
euros, in addition prepare investment in Egypt in volume to 60 million euros, these steps now lead to a slight increase in debt with a view of still further growth, the use of cash for redemption in this situation in the near future we consider to be essentially impossible. We do not expect that this information is strongly reflected in today's trading title.

Ondrej Moravanský
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