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Insur Resumes the Capital Increase that it Postponed Due to Covid

The real estate company will submit a capital increase to be charged against voluntary reserves for a nominal amount of 3.3 million euros to its General Shareholders' Meeting in April.

The listed company Inmobiliaria del Sur (Insur) postponed its planned capital increase at its previous shareholder meeting in March 2020, in light of the outbreak of Covid-19 in Spain.

Now, having analysed the impact of coronavirus on the economy and the real estate market, the listed company is resuming its intention to carry out the capital increase, which will amount to 3,394,368 euros, through the issuance of 1,697,184 new ordinary shares with a nominal value of 2 euros each. The proposal will be taken to the General Shareholders’ Meeting on 9 April.

Read the full article in Spanish.

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