TMM approves 43% charter fund increase, still must finalize share issue details

TMM Real Estate (FSE: TR61 GR) will increase its charter fund by 42.8% to EUR 1 mln via an additional share issue, after an EGM on April 11 approved the measure, Interfax reported yesterday. According to corporate filings prior to the EGM, the company planned to issue an additional 30 mln ordinary shares at a face value of EUR 0.01 per share, but shareholders at the EGM did not approve parameters for the issue. Interfax said the details would be up for vote at an upcoming, but as yet unscheduled, EGM.