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Elix to Propose a Share Capital Increase of Up To €34 Million

The increase is equivalent to 50% of the current share capital and would likely take place over a five-year period.

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The Board of Directors of the Socimi controlled by the funds KKR and Altamar has called an Extraordinary General Shareholders’ Meeting to be held in Madrid on 20 October 2020, to delegate to the Board the power to increase the Company’s share capital on one or more occasions.

Specifically, the increase could amount to up to 34.07 million euros in total, equivalent to 50% of the current share capital, over a five-year period, in accordance with Article 297 of the Capital Companies Act, explained the company in a statement to BMEGrowth.

Read the full article in Spanish.

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