Each shareholder will get one new share for every five shares held, which also means a correction in the price of the AROBS shares.
The date of record was set for April 28 and the ex-date for April 27, while April 29 was voted as the payment date. AROBS is 63% owned by founder and CEO Voicu Oprean.
AROBS has a RON750 million capitalization on the AeRO market of the Bucharest Stock Exchange. Its shares have lost 16% since the beginning of the year, amid RON53 million transactions.
(English version by Loredana Fratila-Cristescu)