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-0,92%31.08.2007.Issuance of New Shares - Tigar a.d. Pirot
Statement for the press of Tigar Corporation
TIGAR – ISSUANCE OF NEW SHARES, A WAY TO NEW INVESTMENTS
Pirot, 29.8.2007. On its session held on Tuesday - August 28, 2007, Tigar ad Board of Directors has adopted the Report on Tigar ad business for the period January – June 2007. Within the considered report was stated that during the first half of the year was realized the profit of RSD 43,9 mill. The result at the level of the group is RSD 102 mill and includes the result of the enterprise in the country and abroad. Within the frame of dependent entities where Tigar ad has control ownership was stated the growth of exportation especially in Tigar Rubber Footwear Plant, where the growth reached 92%. During the first half of the year ewre noted the investments of cca RSD 104 mill, that is for 60% higher in relation to the same period last year.
„„With the view to reach the further even more intense development of the investment cycle, the Board of Directors has passed a resolution on the issuance of 15% of new new approved but non-issued shares in accordance with the decision of the Stockholders“ Meeting held on June 8, 2006. The business results achieved within the considered period as well as the realization of the adopted business plans are showing that we are on a good way to reach our goal – creation of the balanced system at the corporate level. What is particularly important and the Board of Directors especially takes care of is the fact that the decision on additional emission is in favour of share owners in Tigar – the existing ones and the future ones. It also contributes the stability and further development, which is of grat importance for both people employed in the Company and our partners. "These are the values our company has alsways respected and aimed to" – accentuated Mr. Dragan Nikolić, whom was re-elected for the Chairman of Tigar ad Bboard of Directors. By the means of the decision on additional share emission are provided the pre-emptive rights of purchase of shares for the shareholders of record as of the date of release of the Public Announcement. By the beginning of September, the Company shall submit the securities distribution Prospectus to Central Securities Depository and Clearing House, and for the sponsor is elected BDD Prospera from Belgrade – reads in the announcement published at the company“s web site.
After due consideration of the signed Letter of Interest with the British investment fund "Greenhouse Investment", the Board of Directors has authorized the Tigar ad Executive Board to realize all the required activities in order to finalize the recycling- and rubber technical goods-related projects within envisaged terms.
COMMUNICATION CENTER
TIGAR AD
TIGAR – ISSUANCE OF NEW SHARES, A WAY TO NEW INVESTMENTS
Pirot, 29.8.2007. On its session held on Tuesday - August 28, 2007, Tigar ad Board of Directors has adopted the Report on Tigar ad business for the period January – June 2007. Within the considered report was stated that during the first half of the year was realized the profit of RSD 43,9 mill. The result at the level of the group is RSD 102 mill and includes the result of the enterprise in the country and abroad. Within the frame of dependent entities where Tigar ad has control ownership was stated the growth of exportation especially in Tigar Rubber Footwear Plant, where the growth reached 92%. During the first half of the year ewre noted the investments of cca RSD 104 mill, that is for 60% higher in relation to the same period last year.
„„With the view to reach the further even more intense development of the investment cycle, the Board of Directors has passed a resolution on the issuance of 15% of new new approved but non-issued shares in accordance with the decision of the Stockholders“ Meeting held on June 8, 2006. The business results achieved within the considered period as well as the realization of the adopted business plans are showing that we are on a good way to reach our goal – creation of the balanced system at the corporate level. What is particularly important and the Board of Directors especially takes care of is the fact that the decision on additional emission is in favour of share owners in Tigar – the existing ones and the future ones. It also contributes the stability and further development, which is of grat importance for both people employed in the Company and our partners. "These are the values our company has alsways respected and aimed to" – accentuated Mr. Dragan Nikolić, whom was re-elected for the Chairman of Tigar ad Bboard of Directors. By the means of the decision on additional share emission are provided the pre-emptive rights of purchase of shares for the shareholders of record as of the date of release of the Public Announcement. By the beginning of September, the Company shall submit the securities distribution Prospectus to Central Securities Depository and Clearing House, and for the sponsor is elected BDD Prospera from Belgrade – reads in the announcement published at the company“s web site.
After due consideration of the signed Letter of Interest with the British investment fund "Greenhouse Investment", the Board of Directors has authorized the Tigar ad Executive Board to realize all the required activities in order to finalize the recycling- and rubber technical goods-related projects within envisaged terms.
COMMUNICATION CENTER
TIGAR AD
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