Vrancart might incorporate into the share capital the amount of RON1.8 million of the profit registered in 2011, while the difference of RON4.9 million may come from 2012’s profit, according to a stockholders’ decision sent to the Bucharest Bourse Tuesday.
In exchange, Vrancart will issue new shares granted free of charge to the stockholders based on their inflow.
Vrancart is majority owned by regional investment fund SIF Banat-Crisana (SIF1.RO), with a 74.7% stake.
On the Bucharest stock exchange Tuesday, Vrancart closed up 0.65% at RON0.0775 a share. (EUR1=RON4.3749)