The agenda of the meeting also includes “Guaranteeing bank loans with the following: fixed assets belonging to Argus SA Constanta, representing up to 100% of the total tangible fixed assets from the patrimony, assignment of receivables, stocks, movable mortgage on current receipts and balances and sub-accounts opened by Argus SA with the financing bank.”
The shareholders also approved the extension of the line of credit in the amount of RON7,500,000, as well as the sale by public auction of non-core assets whose value, individually or cumulatively, does not exceed 35% of the total fixed assets, at a price that may not be lower than the value established by a valuation report drawn up no more than two months before the initiation of the sale process.
(English version by Loredana Fratila-Cristescu)