EnglishPort operator Socep - Constanta (BSE:SOCP) has called a meeting of the shareholders to approve the share capital increase contested by SAI Swiss Capital Asset Management - Bucharest, one of the shareholders. SAI sued the management over the decision to increase capital arguing that it had been made without the necessary attendance (three quarters of the votes for the first call).
The management in turn decided not to contest the initial ruling on the matter but call another meeting of the shareholders to confirm the decision. The initial meeting, held on June 11th, the shareholders approved the capital increase by 8.58 million RON from 34.34 million RON to 42.92 million RON through the issuance of free shares.
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