The company will issue 7.2 million new shares, with a value of RON2.5 each.
The shareholders will discuss this operation on June 26.
Electrocarbon’s revenue rose 3.5% on the year in the first quarter, to RON46.1 million, while net profit dropped to RON1.9 million.
Laurentiu Vasile Dascalu controls a 50.8% stake, through Vivaio Campina. Metaleuroest and Ekomin Titu own 21.3% and 20.6% of Electrocarbon’s stock, respectively.
On May 14, Electrocarbon closed down 10.7% at RON2 per share. (EUR1=RON4.4587)