Thus, 295,114 new shares represent the in-kind contribution of the Romanian State represented by the Ministry of Energy, following the acquirement of the certificates attesting the ownership rights issued by the Ministry of Economy, while 208,554 new shares (including global depositary receipts GDRs) were subscribed with cash contribution, within exercising the preference rights by the other shareholders of Electrica (i.e., except for the Romanian State).
out of the total number of 309,869 shares that were offered for subscription to the holders of preference rights, a total number of 208,554 new shares were subscribed, with a nominal value of RON10 per share and a total nominal value of RON2,085,540 (accounting for 67.3% of the total number of new shares offered for sale). The public offering was carried out between November 1 and December 3, 2019, and BRD acted as intermediary.
Electrica shares have been trading up 14.4% since the start of 2019, amid deals of RON396.4 million, with the company reaching a market value of RON3.8 billion.
Electrica is 48.7% owned by the Romanian state. The European Bank for Reconstruction and Development (EBRD) is the company’s second largest shareholder, with a 5% stake.