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Czech markets  |  January 07, 2013 09:07:53

Orco convene EGM - reducing capital and Vitek wants to Board of Directors

Orco convened at the 4th Second 2013 extraordinary general meeting, which the program will primarily reduce capital. It should drop from the current 442 million to EUR 216 million, due to a reduction of the nominal value of the shares of € 4.1 to 2.0. The difference will be transferred to the reserves of the company. Orka boss in the Czech Republic and the Slovak Republic Aleš Vobruba said that the reason for the increase is the capital of Orco, which by law can not be made ??at par value per share, higher than the current market price. At subsequent Annual General Meeting should then lead to the appointment of three company representatives to the Board R. Vitek company.

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