The leather manufacturer KARO INVEST has published an invitation to the Shareholders’ Meeting, and it is preparing previously announced SPO

The Shareholders’ Meeting will decide on the increase in the registered capital.

KARO INVEST has published an invitation (pdf) to the Shareholders’ Meeting, which will be held on 9 October 2020 in the notarial office of Mgr. Václav Voda and Mgr. Eva Králová at Revoluční 1080/2, Nové Město, Prague 1, 110 00. The reference day for participation in the Shareholders’ Meeting is 2 October 2020.

The main point on the agenda of the Shareholders’ Meeting will be the decision to increase the registered capital. The company plans to issue 298 thousand new shares with an issue price of CZK 43 to 50 per new share. It would thus raise CZK 12.8 to 14.9 million from investors, and the total number of shares would increase to 3.3 million.

The subscription of new shares will take place in two rounds. The first round is reserved for existing shareholders. In the second round, shares will be offered to the public through the PX Start market of the Prague Stock Exchange.