Increase of share capital in daughter company ILS LTD
Daughter company ILS LTD with registered seat in Kajetany, having its share capital of 5,000.00 PLN increased it to amount of 57,000,000.00 PLN This high increase was generated thanks to issuing new shares (113,990), with value of 500.00 PLN each.
New shares were covered in full with non-cash contribution (contribution in kind) in the form of organized part of entrepreneurship being organizationally and financially separated within Inter Cars S.A. a set of material and nonmaterial things for providing logistic services, i.e. organized Logistic Division. Information about this fact was published in report no 14/2013 dated 2nd April 2013.
Inter Cars owned and still owns 100% of shares in ILS LTD daughter company. Currently the number of shares is 114,000.
Registration of increase of share capital of ILS Company by Industrial Court for Capital City of Warsaw is treated by us as acquisition of assets of high value.