The final offer price was RON0.96 per share, 9.4% below the closing price of last Thursday’s trading session and 5.9% below the closing price of last Friday’s trading session. The offer was registered in the stock market system on Friday (Jan. 26). The company’s offer had Swiss Capital as sole book-runner. The offer was launched on Jan. 25 and was closed on Jan. 26 when the price was set and the allotment was carried out.
The sale did not entail a prospectus or documentation. Later on, the company announced that Alin-Adrian Dociu was the one who sold the package of shares, reducing his ownership stake to 25%. At the same time, Sorin Aureliu Bascau bought 100,000 shares, in RON96,000 worth of deals, and Romcarbon Buzau purchased 2.06 million shares for RON1.98 million. Aquila is part of the benchmark index BET of the Bucharest Stock Exchange, and of the indices FTSE Russell Global Micro Cap Index, MSCI Frontier IMI and MSCI Romania IMI. Following the accelerated bookbuild, Aquila cashed no revenue, with all receipts going to the shareholder or to the selling shareholders.
Prior to the offer, Aquila had been equally held (33.33%) by Alin-Adrian Dociu and Constantin-Catalin Vasile, while 33.33% represents free float.
AQ shares have gained 9.8% so far in 2024, amid deals worth RON110.2 million. The company has a market capitalization of RON1.2 billion, as per stock market data. Aquila reported revenue of RON1.7 billion for January-September 2023, up 14% on the year, and net profit of RON70 million, up 9% on the year.