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Azkoyen Group
Azkoyen, S.A.
  Press releases







 
 
March 1997
Azkoyen to increase its share capital
One new share for four old shares, charged to reserves

In the General Meeting to be held on 15 April in Peralta (Navarre), the shareholders of the Azkoyen Group will approve the issue of 426,750 new paid-up shares, with a nominal value of one thousand pesetas each, charged to free reserves

Each shareholder will receive one new share for every four old shares, according to the agenda of the General Meeting, on which one of the items is increasing the share capital by 426,750 million pesetas.

The share capital of the Azkoyen Group, the leading national manufacturer of automatic vending machines, mechanisms for the selection and monitoring of methods of payment, and catering machinery, is represented by 1.707 million shares with a nominal value of one thousand pesetas, and after the increase there will be 2,133,750 shares. The annual high for Azkoyen shares in this financial year was 21,000 pesetas, on 25 March.

During the 1996 financial year, the Azkoyen Group achieved a turnover of 14,176 million pesetas with a net profit of 1,241 million pesetas. On 31 December, the Group's own resources were 6,099 million pesetas. Azkoyen has been listed on the Stock Exchange since 1988 and was founded by Luis Troyas in 1945.

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