Zwack increased capital through private placement

Analysis

Zwack Unicum Likőripari és Kereskedelmi Nyrt announced on , that the Board of Directors of the Company decided to increase the registered capital of the Company by issuing 35,000, registered redeemable liquidation preference shares, each having a nominal value of Ft 1,000 through private placement.

The placement value of the Shares will be their nominal value equaling to Ft 1,000. The persons designated to subscribe the Shares are: Frank Odzuck, the general manager of the Company, Tibor András Dörnyei, the deputy general manager and the CFO of the Company and Csaba Belovai, the commercial director of the Company.

The persons designated to subscribe the Shares undertook to take over the Shares and to pay their counterpart. The June 28, 2007 Annual General Meeting of the Company entitled the Board of Directors to decide about the above capital increase and excluded the exercise of the respective preemptive subscription rights. (bet.hu)

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