The Extraordinary Meeting of Shareholders will vote on a RON910 million capital increase by issuing 91 milion shares with a nominal value of RON10 each, as well as „establishing a price to compensate for the fractions of shares resulting from applying the algorithm and rounding the results, according to the legal provisions in force and also granting a mandate to the Board of Directors in order to establish a price higher than the approved one (if applicable).”
The increase in the share capital will be carried out through the capitalization of reserves from the net profit of the year 2022.
The agenda of the meeting also includes the buyback of 5 million shares (0.71%) with a nominal value of RON10/share. It will be done “at a maximum price of RON30 for a period of 18 months from the publishing date of the EGMS resolution in the Official Gazette of Romania, Part IV, part of a stock option plan with the purpose of implementing a remuneration program and personnel incentive program for a period of at least three years.”
(English version by Loredana Fratila-Cristescu)