The capital raise will be discussed in a general shareholders’ meeting on April 29.
The company’s current share capital is RON9.7 million. To raise the capital, Carbochim will issue new shares which shareholders may buy at face value, for RON2.5 a share, 2.6 times less than the shares’ most recent stock market quote, of RON6.6.
The April 29 meeting will also include talks on proposed dividends totaling RON388,000 from the profits of the past two years.
Carbochim had a net profit of nearly RON286,000 in 2012 and a preliminary net profit of nearly RON406,000 in 2013.
According to the most recent reports, Gheorghe-Titus-Dan Popa and Mircea-Pietro Ionescu each own 15% in the company and Electroarges, owned by Romanian businessman Catalin Chelu, holds 14.48%.
Carbochim last traded in Bucharest on February 24, down 2.22% to RON6.6 a share.