The reduction comes amid the annulment of 40,101,379 treasury shares. They were acquired by the company ahead of the private placement and its listing on the AeRO market of the Bucharest Stock Exchange at end-2021, say the company’s officials.
According to them, the shares were due to be used within the SOP for the company’s employees. As they were not distributed within 12 months since acquisition, their annulment was necessary by law. Thus, in the wake of this operation, each AROBS shareholder will own 4.6% in the company’s share capital.
In the following period the company will conclude the process of auditing the IFRS financials for 2021 and 2022, which will be published on Company’s website, as well as finalize the Prospectus for admission to trading on the Main Market of the Bucharest Stock Exchange of AROBS shares.
In the wake of the reduction operation, the company’s share capital shrank by 4.4%.
AROBS market capitalization stands at RON882 million and since the start of 2023 the company’s shares have added 19.07%.
(English version by Catalina Apostoiu)