The bonds will be listed on a regulated market or on an alternative trading system. They will not be guaranteed and may be converted into shares with a face value of RON2.5 per unit.
The annual interest rate for bonds that will not be converted into shares is 7%, while the interest rate for bonds to be converted into shares is 37.07% per year.
Impact shareholders will discuss the plan in a meeting scheduled for December 20.
The company’s turnover increased 113% in the first nine months of the year to RON20.5 million, but the loss widened to RON16.26 million.
Impact’s shareholding structure includes Dan Ioan Popp, the company’s founder, with a 16.5% stake, investment management company East Capital, which owns a 10.1% stake via Cyprus-based Salink Limited, three ING funds that own 5.18% and businessman Adrian Andrici, who has recently increased his stake to 10.7%.
On the Bucharest stock market Thursday, Impact traded up 0.43% to RON0.117 a share. (EUR1=RON4.5379)