Electroarges will issue 57.24 million new shares at a face value of RON0.1, with shareholders allowed to subscribe two new shares for each share owned.
The company reported net profit of RON2.7 million in the first quarter, up 44% on the year, on total sales of RON35.5 million.
On the Bucharest bourse Friday, Electroarges closed down 6.68% at RON0.4106 a share.