At the 3rd Annual General Meeting where 58.13% of the share capital was present the Mercator shareholders:

1. adopted the Annual Report of the Management Board of the company for year 1996;
2. adopted a resolution on reduction of share capital due to overcapitalization of the company so that 135,736 own shares will be withdrawn. The share capital of the company amounting to SIT 33,442,040,000.00 will be reduced by withdrawal of 135,736 shares and will amount to SIT 32,085,040,000.00;
3. adopted a resolution on setting up a fund for own shares in the amount to 10% share capital of the company;
4. adopted a declaratory decision that the profit for the year 1996 amounts to SIT 593,523,000.00 and that the undistributed profit from years 1993 to 1995 in the amount of SIT 418,575,000.00 will be used for setting up a fund for own shares.
   

Back