“The objective of the two contracts targets the granting of a loan worth a total RON3,300,000, with an annual interest rate of 7%, which will be used to extinguish payment obligations due to raw materials and utility suppliers”, the report reads.
In early February 2022, Altur raised RON4 million through a private placement of bonds in which three legal entities participated as investors. The company did not say what the maturity and interest rate were.
Altur ended the first three quarters of 2021 with RON69 million revenue, up 32.7% from RON52 million in the similar period of 2020, and a loss of RON3.4 million, down from RON4 million at the end of September 2020
On December 31, 2021, Adrian Andrici held over 230 million ALT shares, accounting for almost 28% of the total. Mecanica Rotes SA owns a 28.15% ownership stake and the remaining shares are distributed among other stakeholders.
ALT shares, which currently are suspended from trading against the backdrop of a share capita reduction, have lost 28% over the last 12 months amid deals worth RON1.9 million. The comp any has a stock market value of RON17.7 million.