RCS&RDS to issue shares

May 12, 2014 11.56 Europe/London By Chris Dziadul

Digi TVRomania’s RCS&RDS is to increase its capital value by issuing 102,000 shares with a nominal value of RON1 (€0.26).

Quoting the Official Gazette, ZF reports that RCS Management took the decision on February 18, though it has only now been reported.

It adds that RCS Management is the vehicle through which the entrepreneur Zoltan Teszari controls RCS&RDS, the leading cable and DTH operator in Romania.

The capital increase will effectively double the number of shares in RCS&RDS to 204,000, with the new shares being released partially or total for case (for lei, euros or dollars), or by incorporation of reserves, excluding legal reserves, or compensation some liquid claims.