End-January, Libra’s Executive Board decided to raise the bank’s share capital by RON5 million, by issuing 50 million new shares, with a face value of RON0.1 per share.
Consequently, Broadhurst Investment exerted its preference right, by purchasing some 30.32 million shares worth a total RON3.03 million. Subsequently, it subscribed the remaining 19.68 million shares for which it paid nearly RON1.97 million.
Following the completion of the share capital increase, Broadhurst came to hold 61.65% of Libra Internet Bank shares. The remaining shares are owned by realty firm Romarta (26.38%) and Metex Big SA (11.82%).
The bank last increased its share capital in the summer of 2014, by RON8 million, from RON180.1 million to RON188.1 million, by issuing 80 million new shares, with a face value of RON0.1 per unit, through cash contribution.
Founded in 1996, Libra Bank runs 40 offices in Romania and serves mainly customers in the corporate, SME, liberal professions and agricultural sectors.
At the end of last year, the bank had a 0.47% market share, higher than 0.3% in 2013.