Yesterday, an Extraordinary General Meeting of Shareholders of ADVADIS S.A. was held in Krakow, where the shareholders decided to issue series A bonds convertible into series K shares.
Yesterday, an Extraordinary General Meeting of Shareholders of ADVADIS S.A. was held in Krakow, where the shareholders decided to issue series A bonds convertible into series K shares. The Company intends to issue 22 to 200 convertible bonds with a par value of 125 thousand PLN each. Total par value of this issue may range from 2.75 million to 25 million PLN. In its statement of reasons for issuance of bonds, the Management Board stated that the funds thus obtained will be used in continuation of the programme of further acquisitions of distribution companies. New interesting investment opportunities should appear on the market in the existing economic situation.