The meeting of the Unior supervisory board took place on 23 February 2010. During this, its second regular meeting, the Unior supervisory board discussed the business results for 2009, accepted a business plan for 2010 and was briefed on the successful progress of capital increase and the activities relating to listing the shares on the regulated stock market.
The supervisory board was informed of the business results for 2009. Unior achieved a sales revenue in the amount of €111,433,770, which is 27.3% less than 2008. Due to the extremely difficult conditions, the net results for 2009 are negative and amount to €9,737,585 while the cash flow with charged amortisation is positive and amounts to €10,226,846.
The supervisory board accepted a business plan for the Unior joint-stock company for 2010. The company plans a net sales revenue in the amount of €119,632,815, which represents a 7.4% increase compared to 2009. Despite measures to improve operations, a loss is estimated in the amount of €1,891,648 with a planned amortisation in the amount of €10,007,124 and an extremely positive cash flow.
The supervisory board was also briefed on the progress of capital increase, which was carried out with 100% success. All 500,000 shares issued were sold for a total amount of €10,000,000. The shares were subscribed by 262 investors. With the successful capital increase, Unior has secured itself the means for further growth and development and to maintain jobs. On the basis of the concluded subscription and payment procedure for the new Unior, d. d. shares, the company received a court decision by the Celje District Court, no. Srg 2010/5155 on 18 January 2010. The decision relates to the registration of the change in share capital from the previous €19,516,057.42 to €23,688,983.48 and the change in the number of shares from the previous 2,338,414 to 2,838,414.
The supervisory board also discussed and was informed of activities relating to listing the shares on the regulated stock market; the decision on the listing will be made at the Unior joint-stock company shareholder meeting in July 2010.
The Unior supervisory board assessed the operations and all the management's activities, with which the management is creating conditions for the successful development of the company in these extremely difficult circumstances, as appropriate and positive.
