|
|
Article: MOL shareholders give board green light for closed placement of new shares.
- Article from:
- Hungary Business News
- Article date:
- October 11, 2002
CopyrightCOPYRIGHT 2002 Gale acknowledges Publisher's copyright in the text of the Publication and shall place users of that text on notice of that copyright interest. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
MOL shareholders give board green light for closed placement of new shares
Budapest. October 11. INTERFAX-EUROPE - Shareholders of MOL Hungarian Oil and Gas Company voted to allow the board of directors the right to raise capital through a private placement of new shares at an extraordinary general meeting on Friday. The board's authorization extends through 11 October 2005 and may be renewed by a vote of shareholders.
"Today the general meeting decided to guarantee flexibility to the board in carrying out regional transactions," said executive chairman Zsolt Hernadi at a news conference following the EGM. The board already has authorization for a ...