The placement is open to accredited investors as well as a maximum of 150 individuals or legal entities, including existing shareholders, the company said on Tuesday.
The subscription period for the private placement runs from January 4 to 21 and following the completion and finalization of the public offering, the Board of Directors will issue a decision noting the number of shares actually subscribed and approving the change in the company’s share capital.
The developer earned revenue of RON110 million from the sale of real estate properties in the first nine months of 2021, down 19% compared to the same period last year, while net profit decreased by 43% to RON7.5 million.
Its shares gained 123% in 2021, following transactions of almost RON70 million, and its capitalization stood at more than RON1.1 billion.
(English version by Loredana Fratila-Cristescu)