Romania’s Financial Supervisory Authority (ASF) approved the company’s delisting on Friday (January 18).
Shareholders who did not cash the countervalue of the shares they own will be able to make a request in this respect at a price of RON0.41 per share.
Boromir IND, the company holding 97.6% of the share capital of Boromir Prod Buzau, said in the summer of 2018 that it was offering RON3.56 million to minority shareholders for the remaining stake of 3.7%. The operation targeted 8.69 million shares, at a price of RON0.41 per share.
In February-March 2018, Boromir IND ran a public offering to take over 13.2 million shares, or 5.6% of Boromir Prod’s capital, from minority holders but managed to buy only 4.5 million shares, reaching a stake of 96.2%.