The capital raised will be used to support the company’s development strategy, Impact said in a press statement.
“The price is subject to the legal provisions on the exercise of the pre-emptive right, i.e. the highest of the following values: a) the weighted average trading price for the last 12 months prior to the date of the Decision of the Board of Directors of 20.09.2021 (RON 0.438621/share); b) the value per share calculated on the basis of the net book value of the Company’s last published and audited financial statements (RON 0.3086/share); c) the nominal value of the share (RON 0.25/share)”, as per a stock market report.
Thus, the maximum value of the private placement is expected to reach RON54.8 million, as per calculations by Ziarul Financiar (ZF) daily based on stock market data.
The Private Placement, approved by the Decision of the Board of Directors of August 17, 2022, represents a new stage of the share capital increase operation. It will be held on August 18 and 19 and intermediated by Swiss Capital as licensed broker. The operation represents the second share capital increase via private placement in 2022 after a successful first operation completed in early 2022.
“We are continuing our expansion both in Bucharest, where we are accelerating the development of GREENFIELD Baneasa, one of the largest residential projects in Bucharest, and nationally, with ongoing projects in Constanta and Iasi. In the coming months we will focus to launch the project in Iasi, the biggest masterplan project in Moldova, as Iasi is one of the fastest growing cities in the country with strong presence of various companies and with an increasing demand for residential”, said Constantin Sebesanu, CEO of IMPACT Developer & Contractor.
IMP shares have lost 2.4% in 2022, amid deals worth RON51 million. The company has a market value of RON1.1 billion and is 58.8% held by Gheorghe Iaciu and 15% by Adrian Andrici.