The contract with Vista Bank was signed on March 7, 2024.
“The cumulative value of the agreements concluded with RCTI COMPANY S.R.L by IMPACT exceeds 5% of the value of Impact’s net assets, as well as 10% of the net turnover related to the latest annual financial statements. For this purpose, in accordance with the provisions of Art. 108 of Law 24/2017, as subsequently amended and supplemented, and with the provisions of Art. 234 Letter i) of FSA Regulation No. 5/2018, Impact has the obligation to also report the cumulative value of such transactions. RCTI COMPANY S.R.L. uses the Borrowed Amount to finance its current activity,” the report reads.
IMPACT became a majority shareholder in Brasov-based RCTI Company in 2022, after buying RON14.4 million worth of shares.
Impact shares have lost 34.4% in the last year, amid deals worth RON20 million, triggering a market value of RON565 million. So far in 2024, its shares have lost 9.5%, amid deals worth nearly RON6 million.
In 2023, Impact reported consolidated net profit of RON34.9 million for 2023,down 58.8% from 2022, and revenue of RON169.5 million, down 22.7% vs 2022. IMPACT Group’s gross margin increased from 32% to 39% in 2023. Indebtedness held steady at 28%, while trade debt fell by 26%. At the same time, the company maintained its stable liquidity position, at RON51.3 million.
The company is 57.8%-owned by businessman Gheorghe Iaciu and 11.8% by Adrian Andrici.