The shares were subscribed between April 2 and May 3, according to a statement sent by the company to the Bucharest Stock Exchange on Thursday.
The company’s majority shareholder, Dutch-registered ArcelorMittal Tubular Products Holding, subscribed the bulk of shares, namely 815.5 million units.
Two individual shareholders subscribed 20,660 shares and Zepter Asset Management SAI subscribed 4,050 newly issued shares.
A total 815.52 million newly issued shares were subscribed, making up 96.34% of the shares issued in accordance with the decision of the General Assembly of Shareholders of January 16, according to the statement.
ArcelorMittal Tubular Products Holding owns 96.33% of the shares of ArcelorMittal Tubular Products Iasi and the remainder of 3.66% is held by other shareholders.
ArcelorMittal Tubular Products Holding is the tubular products arm of the world’s largest steelmaker ArcelorMittal. (EUR1=RON4.4170)