Kominmet AGM Scheduled To Vote On Additional Share Issue

Kominmet announced yesterday that the company’s shareholders had scheduled an AGM for September 26. The AGM’s agenda includes voting on a 24.5% share capital increase at par value to USD 9.88 mln.The share capital increase will be held in two stages; during the first stage (December 17 to December 20), shareholders will be able to subscribe for new shares on a pro rata basis. The market price per share adjusted for the new issue is USD 0.512 versus the current USD 0.65.