Concefa will issue 142.1 million new shares with a face value of RON0.1.
The increase will be made by cash contribution and compensation with shares of outstanding debts, liquid and contingent, owed to the shareholders of the company, Concefa said.
Concefa also approved a credit and guarantee ceiling of up to EUR3 million at the disposal of the company’s board, as well as extending various credit lines and loan ceilings.
Concefa reported a loss of RON3.6 million in the first half, versus a net profit of RON0.85 million in the year-earlier period.
The company is majority owned by its general manager, Horatiu Cercel, with a 54.8% stake.
On the Bucharest bourse August 26, Concefa closed flat at RON0.0769 a share. (EUR1=RON4.2219)