Issuance of capital increase license
According to the financial news report, the proposal of the board of directors of the extraordinary general assembly regarding the capital increase of Day Insurance Company was submitted to the Securities and Exchange Organization more than a month ago, and finally, the Securities and Exchange Organization agreed with the 236% capital increase of this insurance company. did
The details of the 236% capital increase program of Day Insurance show that this capital increase is from four sources: claims and cash receipts, accumulated and retained earnings, and issuance of new shares.
Details of the capital increase program of D. Insurance Company
Day Insurance Company with the symbol “Vedi” submitted a request for a capital increase of more than 1,400 billion Tomans. This insurance company is going to increase its current capital from 595 billion to 2 thousand billion tomans, that is three times!
The financing of this OTC company is from four sources: shareholders’ claims and cash receipts, accumulated profits and other reserves, and the issuance of shares in order to strengthen the financial base, improve the financial structure to maintain more of the capital of insurance policies, provide the basis for obtaining a license to accept reliance and increase capacity. will be applied competitively.
Details of the capital increase permit from the stock exchange organization
The permission to increase the capital of “Vedi” by the Securities and Exchange Organization has been seen in two separate parts, the first part of which is from the place of issuing shares and the second part is from the place of accumulated profits, other reserves, etc., which consists of:
Current capital: 5,950,000,000,000 Rials
Number of shares to be issued: 3,550,000,000 shares
Nominal value of each share: 1,000 rials
Amount of capital increase: 3,550,000,000,000 Rials
Source of capital increase:
515,000,000,000 rials from accumulated profit
3,035,000,000,000 Rials from other reserves
The issue of capital increase: reforming the financial structure
In the continuation of this capital increase license, we read:
Also, the Extraordinary General Assembly can approve and authorize the increase of capital from the amount of 9,500,000,000,000 Rials to the amount of 20,000,000,000,000 Rials from the current demands of the shareholders and cash receipts. delegate to the board of directors for 2 years, so that the board of directors of the company, after obtaining permission from the organization and the Central Insurance Agency of J.A., will take action to implement it.
“Wedi” stocks under the microscope
Bimah Day is traded with the trading symbol “Wedi” in the first market of the Tehran exchange, which is known as the most traded symbol of this market on many trading days, and among the market participants, most of the swingers are especially interested in buying and selling this They have an exchange symbol.
The shares of this company were initially offered in the FBA forum in 2008. This company has 5 billion and 950 million shares in the over-the-counter market and its market value is more than 5,600 billion tomans.
This insurance share is often known as a long-term investment and has recorded good profits in most years.
Source: Hayat