Another issue on shareholders’ agenda targets the repurchase of maximum 30 million own shares representing 1.268% of the share capital subscribed and paid-up at the date of the decision, partially for the allocation to employees, administrators and directors, partially for the purpose of their annulment and proper share capital reduction. The minimum acquisition price would be RON0.25 per share and the maximum price would be equal with the lowest value between a) RON1 per share and b) the highest value between the price of the last independent transaction and the highest price at the moment of the acquisition offer.
The aggregate value of the repurchase program is maximum RON30 million and the program will be carried out over a period of maximum 18 months from publishing the shareholders’ decision in the Official Journal of Romania, part IV.
Shareholders are also expected to vote on supplementing the “Stock Option Plan 2022-2023” program aimed at granting option rights for the acquisition of free shares by employees for the purpose of retaining and motivating them and rewarding them for their activity. Option rights for maximum 300,000 shares allotted to employees will be granted within the program.
The company also requested shareholders’ approval for the issue of bonds – regardless of whether they are nominative or bearer bonds, guaranteed or non-guaranteed, materialized or dematerialized, whether or not they will be listed on any stock exchange and/or denominated in RON, EUR, any other currency or any combination of those mentioned above – having a total maximum nominal value of EUR150 million, with an interest rate of maximum 7% and a maturity of at least three and a half years, up to seven years tops, in one or several issues and/or tranches.
Impact, with a market value of RON1.05 billion, is 58.82% held by Gheorghe Iaciu and 15% owned by Andrici Adrian. IMP shares have traded down 12% since the start of 2022, amid deals worth RON52.4 million.