Tallinn, Estonia, 2012-02-15 17:29 CET (GLOBE NEWSWIRE) --
On 14 February 2012, the decrease of the share capital of AS’ Premia Foods (hereinafter Premia) Russian subsidiary, OOO Khladokombinat No 1 (hereinafter Khladokombinat), was registered. The measures for decreasing the share capital were taken to ensure the net assets of Khladokombinat are in line with the Russian legal requirements.
The share capital was decreased by 60,000,314 RUB (approximately 1,515,018 EUR) from 60,520,314 RUB (approximately 1,528,148 EUR) to 520,000 RUB (approximately 13,130 EUR) by decreasing the nominal value of the sole share of Khladokombinat). In connection with the share capital decrease, the relevant provision of the Khladokombinat’s articles of association was amended.
In addition to the share capital decrease, Premia also contributed the principle part of shareholder claims against Khladokombinat in the amount of 100,513,939.54 RUB (approximately 2,537,994 EUR) to the equity of Khladokombinat without increasing its share capital.
Additional information:
Kuldar Leis
Premia Foods
Chairman of Management Board
T: 6 033 800
kuldar.leis@premia.ee
www.premiafoods.eu