The Extraordinary General Meeting of TMR (EGM) in Holiday Village Tatralandia in Liptovsky Mikulas was attended by shareholders owning 89% of total TMR shares. The shareholders approved a decrease of the Company’s share capital by EUR 174.4 million to EUR 46.95 million, which means a decrease of the nominal value per share by EUR 26 to EUR 7, with 22 October 2013 being the day of registration of the share capital decrease in the Commercial Register. Shareholders also approved a change in Articles of Association related to the share capital decrease. The record day for exercising the rights of shareholders to the pay-out of the share capital decrease was set for the day of registration of the share capital decrease in the Commercial Register, i.e. 22 October 2013.
At the EGM the shareholders also approved a shareholder proposal on a bond issue of EUR 110 million.
The EGM meeting minutes will be prepared within the regulatory period of 15 days from the EGM.
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.