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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