Based on the resolution to decrease the Company’s share capital, which was adopted at the Extraordinary General Meeting on 22-08-2013, as of 22-10-2013, as the day of the registration of the decrease of the share capital in the relevant Commercial Register, the decrease of the share capital from EUR 221,337,534 to EUR 49,950,386, i.e. by the amount of EUR 174,387,148 is in effect. The means gained from the share capital decrease in the amount of EUR 174,387,148 will be distributed to shareholders.
The share capital decrease was achieved by decreasing the nominal value of shares that make up the Company’s share capital, i.e. by decreasing the nominal value of all (6,707,198) shares to EUR 7.00 per share. The number of voting rights attached to the shares will remain unchanged – 6,707,198.
The Company plans to pay its shareholders from the share capital decrease at the beginning of next year 2014 following two bond issues in the total amount up to EUR 180 million.
Tatry mountain resorts, a.s. is the top player in the tourism segment in Central and Eastern Europe, which itself or via subsidiaries owns and operates attractive mountain resorts and hotels in the area of the Low and High Tatras. The assets in the Low Tatras include the resort Jasná Nízke Tatry and the following hotels: Wellness hotel Grand Jasná, Tri Studničky Hotel and Chalets Záhradky De Luxe. In the High Tatras, TMR owns and operates resorts Tatranská Lomnica, Starý Smokovec and the following hotels: Grandhotel Praha Tatranská Lomnica and Grandhotel Starý Smokovec, Hotel Slovakia and hotel FIS Štrbské Pleso. TMR also co‐operates the ski area Štrbské Pleso and since the winter season 2012/2013 it has been leasing the mountain resort Špindlerův Mlýn in the Czech Republic in cooperation with SMMR, a.s. TMR owns Tatralandia, the largest Slovak aquapark with all-year operation, which offers a lot of water activities, the Fun Park, or relax in a special tropical hall with sea water. It also offers accommodation in bungalows and suites of the Holiday Village Tatralandia. TMR owns and leases out Hotel Liptov and Hotel Ski&Fun Záhradky and Bungalows, and Kosodrevina Lodge. More than 144 million Euros have been invested by the end of 2012 in the already mentioned resorts. These investments help to increase the standard and visit rate in the Tatras. The TMR shares have been traded on three European stock exchanges – in Bratislava, Prague and Warsaw since 2012.