The company’s Board of Directors approved the operation in its meeting on Monday (January 10, 2022).
Altur will issue maximum 10,000 guaranteed bonds, with a nominal value of RON1,000. The private placement targets qualified investors and a maximum number of 150 natural persons and legal entities, including existing shareholders. Subscriptions will take place between January 11 and 21, 2022, at a minimum level of 50 bonds.
Altur ended the first nine months of 2021 with a turnover of RON69 million, compared to RON52 million in the same period of 2020, and a loss of RON3.4 million, lower than RON4 million at end-September 2020.
The company registers revenue from sales on the domestic market (in Romania), and, firstly, from export. The external market accounts for over 79% of the company’s sales of goods. In 2021, Poland accounted for 35% of Altur’s sales, Germany for 20% and the UK for 21%.
Investor Adrian Andrici owns 27.9% of the company and Mecanica Rotes owns a 28.15% stake.
Altur has a stock market capitalization of RON19 million after its shares have been trading down 23% over the last 12 months, amid deals worth RON15,929.