Press releases | Archive 2003
RBC Extraordinary General Meeting approves an increase in authorized sharesRBC Extraordinary General Meeting approves an increase in authorized shares
This decision was made in respect of the recommendation of the Board of Directors to permit the possible issuance of up to an additional 30,000,000 shares in stages with the objective of financing RBC's future growth. The newly authorized share capital will be used to finance acquisitions as and when required.
In his address to shareholders RBC Chairman and CEO German Kaplun said: "RBC is currently generating sufficient profits to sustain organic growth. However, the Company also intends to expand through selective acquisitions on the IT and media markets, which are strategically important for us."
The shareholders unanimously approved all the issues brought up for consideration at the Extraordinary General Meeting.