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Iskraemeco Shareholders Reject Capital Increase

Kranj, 13 June - The shareholders of Iskraemeco, the maker of electric meters, have rejected the proposal for a capital increase that had been made by the management board the centrepiece of efforts to salvage the troubled company.

Kranj, Iskraemeco.
Electric meters maker Iskraemeco.
Photo: Tinkara Zupan/STA

Kranj, Iskraemeco.
The heads of state-run Pension Fund Management (KAD) Tomaz Toplak (left) and of the Restitution Fund (SOD) Marko Pogacnik (right) at the AGM of Iskraemeco, the maker of electric meters. The AGM of Iskraemeco, where KAD and SOD hold major stakes, rejected the management board's proposal for a capital increase.
Photo: Tinkara Zupan/STA

Kranj, Iskraemeco.
Karl Rozman, chief executive of Iskraemeco, the maker of electric meters, at the company's AGM, which rejected the management board's proposal for a capital increase.
Photo: Tinkara Zupan/STA

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© STA, 2006