Caromet asks 2.1m euros from shareholders

Railway vehicle manufacturer Caromet Caransebes is preparing a capital increase by contribution in cash worth 7.5 million RON (2.06 million euros). The proposal of the Board of Directors is to be analysed by the General Meeting of Shareholders, set to convene on December 21. The share capital of the company currently stands at 12.46 million RON (3.4 million euros) and will increase to 19.96 million RON (5.5 million euros), once 3 million shares with a par value of 2.5 RON are issued. The company”s shareholders will be allowed to exercise their pre-emption right, within one month from the publication of the decision of the General Meeting of Shareholders, with the shares being offered at a price equal to their par value. Caromet posted more than 24.16 million RON (5.85 million euros) in turnover in the first nine months, an increase of 67.5% on the same time last year, when net sales stood at 3.54 million RON. ZF