The offering will run from May 28 to June 10, and the broker is S.S.I.F. INTERDEALER CAPITAL INVEST S.A. JT Grup Oil will be traded under the symbol “JTG”, the company announces.
JT Grup Oil will issue 10,000,000 new ordinary shares, as decided by an extraordinary general meeting of shareholders, to increase the share capital. The value of a share resulting from the valuation report is RON7.38 and the offering price at which the shares will be traded is RON6.50 per share.
According to the prospectus, the public offering is for institutional and retail investors, with a minimum investment of 300 shares. Allocation of shares will be made in the order of subscription and in case of oversubscription, the allocation method will be “pro-rata”.
“By going public, we will increase the share capital by about EUR14 million, which we will allocate to developing new business lines,” said Bogdan Aldea, JT Grup Oil S.A.’s chairman and CEO.
(English version by Loredana Fratila-Cristescu)