Electroarges will issue 30.9 million new shares with a face value of RON0.1. Stockholders will have to pay a bonus of RON0.2 for each new share they buy during the operation.
Electroarges is 23.77%-owned by Romanian businessman Catalin Chelu.
The company reported a net profit of RON5.3 million in the first nine months of 2011, on total sales of RON94.6 million.
Friday, Electroarges closed down 2.31% at RON0.38 a share in Bucharest.