The company is working with broker TradeVille for this operation.
The share capital will be increased by RON38,700, through cash contribution, by issuing a total 387,000 new shares, ordinary, nominative and dematerialized, with a nominal value of RON0.1 per share. The parameters of the issue were established through the decision of the Board of Directors, of June 15, 2021.
The sale will be conducted at a fixed offering price, set within the RON9.5-RON11.5/share range. The share capital increase is conducted with an issue premium of RON9.4 to RON11.4 per share. The minimum subscription targets 4,500 shares.
Upon closing the offering, the company plans to request the admission to trading of its shares on the Multilateral Trading System operated by the Bucharest Stock Exchange.
Appraisal & Valuation was established in 2010, as a limited liability company, and on May 6, 2021, its legal status was changed into joint-stock company.
Appraisal & Valuation has been the exclusive representative of NAI Global in Romania since 2012. The company has continued its development and in 2019, it opened a unit in the Republic of Moldova, through the company Activ Global Properties SRL, headquartered in Chisinau, which provides appraisal services across Moldova. In 2020, the unit became a NAI Global partner in Moldova.
In May 2021, Appraisal & Valuation signed a strategic partnership with Transilvania Broker, the fourth largest player on the Romanian insurance brokerage market, providing appraisal services exclusively to TBK clients, thus contributing to accessing the insurance market and, implicitly, some new client categories.
NAI Global is a global commercial real estate brokerage firm focused on buying, leasing, selling, financing and managing commercial property. It has 5,000 professionals and 375 offices across 55 countries.
Appraisal & Valuation SA is a corporate member of the National Association of Licensed Appraisers (ANEVAR)
Per data on Confidas.ro platform, the company is 97% held by Ioan Andrei Botis, 2% by Georgiana Roxana Botis and 1% by Mihail Sorin Huidu. Andrei Botis is the CEO of Appraisal & Valuation SA and President of the Romanian Green Building Council.