Shareholders are also expected to debate and approve the following items on the agenda:
– the appointment of Ernst & Young as the company’s financial auditor for a minimum period covering the auditing of the Company’s individual and consolidated annual financial statements for the financial years that will end on December 31, 2023 and December 31, 2024;
– financing by the Company within the limit of EUR5 million of DECIROM’s development investments in a total amount of EUR10 million;
– the purchase of two floating cranes intended to increase the speed and operating capacity of TTS group in the port of Constanta in a total amount of EUR11 million
– supplementing the investment budget by EUR42 million (including the DECIROM share package in the amount of EUR21.8 million, the financing of DECIROM investments in the amount of EUR5 million and the two floating cranes in the amount of EUR11 million)
TTS has a market capitalization of RON813 million after its shares have grown by 54% over the last year, amid deals worth RON75.4 million. The company is 25.3%-owned by Alexandru Mircea Mihailescu, in line with stock market data.