The general assembly of Tatry Mountain Resorts has agreed to issue approximately 6.3 million of new actions. The tourist operator is hoping to get up to €120 million of new capital.
It wants to use it for the stabilisation and further development of the company. The general meeting of TMR was held in mid-May 2024. The present shareholders agreed to the proposal to increase the company's share capital in the current amount of €46.95 million by a maximum amount of €44.21 million by issuing and subscribing a maximum of 6.315.790 new shares with an issue rate of 19 euros per share for its existing as well as potential new investors.
"By doubling our equity capital, we would like to pay off the debts that we have accrued after the Covid pandemic and which currently go into a large part of the profit we make. It is also a path that brings resources for its further development and increasing the company's value for shareholders. At the same time, it would also mean that the company could once again pay dividends and become even more attractive on the stock exchange," informed Igor Rattaj, Chairman of BoD at TMR.
TMR operates mountain resorts, and amusement parks and provides tourist services in Central and Eastern Europe. Its portfolio includes important mountain resorts, amusement parks, golf courses and hotels in Slovakia, the Czech Republic, Austria and Poland. Its shares are traded on stock exchanges in Prague, Bratislava and Warsaw.
