Masisa Summons Extraordinary Shareholders’ Meeting

Jan 16, 2023 | Board Manufacturers | 0 comments

CHILE – Masisa S.A. informed that the Board of Directors agreed to call an Extraordinary Shareholders’ Meeting for January 27, 2023.

1016MASISA To submit for approval a reduction of Masisa’s capital in the amount of USD 58 million, which will be distributed among Masisa’s shareholders, according to their participation in the Company.

If this reduction is approved, the current subscribed and paid-in capital of USD 654.5 million will be reduced to USD 596.5 million, without changing the number of shares into which it is divided.

The capital decrease is made to distribute to Masisa’s shareholders the funds from the sale of the Argentine subsidiaries Forestal Argentina S.A. and Masisa Forestal S.A., owners of Masisa’s forestry assets in that country, a transaction that took place on December 27.

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