Apator : Increase of the share capital of a subsidiary, Apator Rector Sp. z o.o.
September 11, 2018 at 03:07 am EDT
Share
Increase of the share capital of a subsidiary, Apator Rector Sp. z o.o.
Report no.:
No. 55/2018
Date and time:
2018/09/03, 11:07
Category:
others
Content:
The Management Board of Apator SA ("Issuer") informs hereby that on September 3 the Extraordinary Shareholders Meeting of Apator Rector sp. z o.o. ("The Company"), in which the Issuer is a sole shareholder, passed a resolution under which the Company's share capital shall be increased from the amount of PLN 1,000,000 to PLN 2,000,000 by creating additional 1,000 new shares of a nominal value of PLN 1,000 each and a total nominal value of PLN 1,000,000.
The newly created shares shall be taken up by the Issuer for a contribution in cash in the amount of PLN 30 million by September 30, 2018, at the latest. The difference (agio) between the nominal share value and the value of contribution paid for shares, in the amount of PLN 29 million, shall be allocated to the Company supplementary capital.
The financial resources obtained by the Company following the increase in its capital shall be used to pay the loan in the amount of PLN 30 million, granted to the Company by the Issuer, of which it informed in the current report No. 44/2017 of November 27, 2017.
The above transactions shall not affect the level of external debt of the Apator Group, while they shall strengthen the development opportunities for the company Apator Rector.
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Apator SA published this content on 11 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 September 2018 07:06:04 UTC
Apator SA is a Poland-based company active in the switchgear and metering equipment industry. The Companyâs products are divided into two segments: Switchgear segment, offering switchgears, surge protective devices, devices for mining equipment, and drives; and Metering segment, offering electricity meters, water meters, gas meters and heat meters, as well as Information Technology (IT) solutions for metering systems. It also offers electrical energy measurement services. As of December 31, 2011, the Company formed a capital group and operated 11 subsidiaries, including Apator Control Sp. z o.o., Apator Minig Sp. z o.o., FAP Pafal SA, Apator Metrix SA, Apator GmbH, based in Germany, Apator Rector and Apator Powogaz SA, among others, as well as two affiliated companies. In May 2013, the Company sold a 60% stake in Newind Sp. z o.o.
APATOR S.A. 
