Independent journal on economy and transport policy
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Premuda puts into effect a reduction of the share capital to cover of the residual losses
Probable the eventuality of an integral loss of the share capital. Negotiations with the creditors with the hypothesis of a capital increase
January 19, 2017
The assembly of the shareholders of Premuda, than yesterday has examined the patrimonial situation, economic financial institution and of the Italian shipowning society on September 30, 2016 taking note that the total losses accumulated to such given pile about 19,7 million euros, of which 10,0 million losses already realized on 31 March and covered with the reduction of the share capital deliberated from the assembly of the shareholders on 7 June, and that the share capital turns out reduced of beyond a third party, it has decided unanimously to supply to the cover of the residual losses by means of the reduction of the share capital of the society for a corresponding amount, give 17,3 million to 7,6 million euros.
Premuda has specified that, "although on 30 November the ulterior losses of period are compensated by an effect change of positive sign, it is emphasized once again that, in the current conditions of the marine market of reference, the forecasts for the final results of exercise 2016 and next exercise 2017 cannot that to strongly be of sign negative. Such course of the market and consequent depreciation of the patrimonial assets - it has explained the company - returns the eventuality of an integral loss of the share capital with unavoidable effects probable on the quotation the title. The negotiations currently in course with the creditorio rank - it has specified Premuda - preview the hypothesis of an increase of capital destined to overwhelm the loss and to reconstitute the share capital, increase with exclusion of the classified right of first refusal and to Pillarstone (the society that has found the debits of Premuda with three banks, ndr), with consequent possible effects in terms of delisting of the title, within a maneuver of patrimonial strengthening that contemplates to the conversion in equity of part of the existing debit let alone the extract of part of it".
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
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The assembly of the shareholders of Premuda, than yesterday has examined the patrimonial situation, economic financial institution and of the Italian shipowning society on September 30, 2016 taking note that the total losses accumulated to such given pile about 19,7 million euros, of which 10,0 million losses already realized on 31 March and covered with the reduction of the share capital deliberated from the assembly of the shareholders on 7 June, and that the share capital turns out reduced of beyond a third party, it has decided unanimously to supply to the cover of the residual losses by means of the reduction of the share capital of the society for a corresponding amount, give 17,3 million to 7,6 million euros.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
