Equity of AS (stock company) into EURO
2. Expressing share capital in euro
The denomination should be carried out by maintaining the existing proportionality between the shareholders of the capital company and by minimizing changes in the share capit The share capital of a capital company is composed of the number of shares, multiplied by the nominal value of the share capital.
Conditions:
- The size of the fixed capital and the nominal value of the share must be expressed in whole euro and tried (to share with 10 without balance)
- When calculating the nominal value of a single share, the euro exchange rate shall be taken into account.
- The recalculated amount is rounded down
- Each share capital shares shall remain over a fixed amount, shall be paid to the shareholders of the company in proportion to the share capital shares they own, or the transfer of these values to the company's reserves
- Only values which cannot be expressed in new shares at the existing nominal value, while maintaining proportionality to shareholders, may be set aside or paid to shareholders.
- As a result of the denomination, the share capital may fall to a maximum of 1,6%, but may only do so if new shares cannot be issued at the nominal value of the share determined, taking into account the proportionality of the existing shareholders.