The Management Board of Inter Cars S.A. (the "Company") hereby reports that it was notified today by a registered proxy of subsidiary undertaking FEBER Sp. z o.o. of Warsaw that a decision had been issued by the District Court for the Capital City of Warsaw in Warsaw, XIII Commercial Division of the National Court Register, to register the increase in the share capital of FEBER Sp. z o.o.
The share capital was increased from PLN 20,000,000 to PLN 30,000,000, while the number of shares rose from 40,000 to 60,000 shares, conferring the right to 60,000 votes at the General Shareholders Meeting.
The 20,000 new shares, with a par value of PLN 500 per share, were acquired by the Company for a total amount of PLN 10,000,000.
The new shares were fully paid up in cash. The share capital increase was financed using the Company's own funds and is treated as a long-term investment.
FEBER Sp. z o.o. has been a wholly owned subsidiary of the Company, both prior and after the share capital increase.
Inter Cars S.A. treats the registration of share capital increase at FEBER Sp. z o.o. as an acquisition of assets of significant value.
The primary business of FEBER Sp. z o.o. consists in production of semi-trailers, trailers, and truck bodies.
Art. 56.1.2 of the Public Offering Act – current and periodic information
- Krzysztof Soszyński - Vice-President of the Management Board
- Piotr Kraska - Member of the Management Board