The General Assembly of the Šibenik Light Metal Factory (TLM) has decided to reduce the company’s share capital by 368 million kuna to cover losses and transfer funds to capital reserves, TLM reported via the Zagreb Stock Exchange.
The General Assembly was held on December 5, and after the necessary documentation is prepared, the changes to the share capital will be registered in the court register of the Commercial Court in Šibenik, TLM announced. TLM’s share capital previously amounted to 552 million kuna, and after the simplified reduction of 368 million kuna, it will amount to 184 million kuna. The Assembly accepted the proposal to reduce the share capital in a simplified manner by the amount of 368 million kuna to cover losses from previous periods (amounting to 286.7 million kuna) and to transfer funds to capital reserves (81.3 million kuna). (H)
