Transgaz proposes the increase of number of its shares – Romania, 2 June 2016

Romanian natural gas transmission system operator Transgaz has made a proposal to the Extraordinary General Meeting of its shareholders which should be held on 23 June, to increase the number of the company’s shares, while decreasing their nominal value, thus bringing the company to the attention of the public and increasing the market liquidity of the shares.
Transgaz’ officials said that dividing a nominal value of a share represents the operation that entails the reduction of the nominal value of the share, while increasing the number of shares in line with the dividing ratio, while the share capital remains unchanged.

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