We hereby give formal notice of the capital increases carried out in recent weeks. This operation was done to give a clear signal that the Orange1 owners believe in the business and want to guarantee their partners financial peace of mind.
ORANGE1 ELECTRIC MOTORS S.p.A.
- By deed dated 08 October 2020 under no. 230,788 of his Rep., Within the terms for registration, an increase in the share capital of our investee ORANGE 1 ELECTRIC MOTORS S.p.A. was approved by notary public Giuseppe Fietta in Bassano del Grappa (Vi). equivalent to Euro 2,150,000.00, thus raising it from the current Euro 4,850,000.00 to Euro 7,000,000.00, to be released through the use of Euro 1,150,000.00 of part of the existing provision in the Financial Statements under the item “Reserve merger surplus “and by payment of the sum of Euro 1,000,000.00. By deed dated 08 October 2020 under no. 230,788 of his Rep., Within the terms for registration, an increase in the share capital of our investee ORANGE 1 ELECTRIC MOTORS S.p.A. was approved by notary public Giuseppe Fietta in Bassano del Grappa (Vi). equivalent to Euro 2,150,000.00, thus raising it from the current Euro 4,850,000.00 to Euro 7,000,000.00, to be released through the use of Euro 1,150,000.00 of part of the existing provision in the Financial Statements under the item “Reserve merger surplus ”and by paying the sum of Euro 1,000,000.00.
EME KFT With deed dated 02 October 2020 n. 75 / 674X at Avv. András Dömötörfy an increase in the share capital of our company EME Kft of Euro 1,990,358 was made fully paid, thus raising it to Euro 2,000,000.