Nikas ABEE announces share capital increase plan

A P.G.Nikas ABEE extraordinary general shareholders’ meeting on Friday approved a board plan for a share capital increase worth 23.272 million euros through cash and shareholders’ rights.

Under the plan, Nikas will raise the nominal value of its shares from 0.60 euros per share (voting) to 6.0 euros through a reverse split (10:1). The plan also envisages a reduction of the company’s equity capital by 11,531,857 euros by reducing its nominal share price (voting) from 6.0 euros to 0.30 euros per share.