HUNGARY: Pick appoints new director, plans to reduce capital
Hungarian meat processing giant Pick has appointed Solyom Gyorgy as a trade director.
The company revealed earlier today [Tuesday] that it plans to hold an extraordinary general meeting (EGM) on 24 July to elect a new board of directors and a new supervisory board.
Also on the EGM's agenda is a move to reduce the firm's capital by HUF261m (US$1.05m). The capital reduction will be carried out by recalling 260,861 of the treasury shares owned by Pick, at the total value of HUF260.861m.
As a result, the company's share capital will be reduced by 7.4% to HUF3.268bn.
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