Thus, EUR100 million would fund current investment and other upcoming projects, while EUR150 million would be used as working capital, the company said in a memo sent to the Bucharest bourse Thursday.
In addition, the shareholders will discuss the separation between the position of general manager and that of board president. Both positions are currently held by Constantin Roibu.
The meeting is called for August 29.
Another item on the meeting agenda is talks on the rental, over a 15-year interval, of a 21,401 sqm plot to Linde Gas Romania, for the construction of a technical gas unit for Arpechim Pitesti.
Linde Gas Romania is a subsidiary of German group Linde, active on the industrial gas and engineering segment.
Shareholders will also discuss the 5% cap planned for sale through intermediaries, while 95% of output would be sold directly to the end users. Furthermore, the company plans to stop selling to offshores.
Oltchim has a share capital of 34.3 million lei (EUR8.1 million), divided into 343 million shares with a face value of RON0.1.
The company is 54.8% owned by the Economy Ministry, while German PCC SE holds 17.28% and British Carlson Ventures holds 14.02%.
Oltchim shares closed down 10.88% Wednesday, at RON1.42. (EUR1=RON4.2323)