It said the 189.5 million remaining shares would be sold in a primary offering addressing a maximum of 150 investors at RON1.88/share.
The company issued 190 million new shares and the preemption period was January 12 – February 11. Investors subscribed just 499,455 shares at RON1.26/share during this period.
The second share capital increase stage will take place in the period February 15 – April 15. The 189.5 million shares offered have a total price of RON356 million.
The company, owned by businessman Stefan Vuza, has over 2,000 employees and management estimated at the end of 2020 it would end the year with a turnover of EUR280 million.
Chimcomplex is the biggest exporter in the Romanian chemical industry and operates the largest chemical plant in the country.