Capital increase in the company EQUIPOS NUCLEARES, S.A.
11 May 2011 |
The Council of Ministers has authorized the state-owned holding company Sociedad Estatal de Participaciones Industriales (SEPI) to increase the social capital of its affiliated company Equipos Nucleares, S.A. (ENSA), for up to 10 million euros.
ENSA is a SEPI's wholly owned affiliated company, whose activity is the manufacture, supply and assembly of equipment for nuclear power stations and of dry storage casks and fuel racks. ENSA's adaptation to the construction of the components demanded by the market has required on the part of the Company an investment plan, since 2005, which envisages an expansion of its facilities, which requires a contribution to its equity capital.
SEPI's Board of Directors, in its meeting on January 28th, 2011, agreed to ask for the required authorization from the Council of Ministers for approving, in ENSA's General Meeting of Shareholders, the above mentioned capital increase, through the issue of 166,380 nominal shares, each with a nominal value of 60.10 Euros, to be integrally subscribed by SEPI, which will pay out at the time of the subscription 25%, while the remaining 75% will be paid out on the basis of ENSA's financial requirements; in any case, by December 31st, 2011.