The agenda of the meeting includes approval of the issuance of corporate bonds, which may be unconditional, secured or unsecured, unsubordinated and non-convertible, denominated in euros, in one or more tranches, bearing a fixed interest rate, with a maturity of up to three years, having a nominal value of EUR3 million, with an annual interest rate on the bonds of up to 10%, and which shall be governed by Romanian law.
The company intends to make these bonds available through private placements for institutional and professional investors in the European Economic Area and a limited number of individuals or legal entities, other than qualified investors, complying with the European regulations about the prospectus and international legal exemptions, including the “Regulation S” of the United States.
The goal of this strategy is to raise additional capital to support operations and potential development projects.
(English version by Loredana Fratila-Cristescu)