Impact received subscriptions from 15 buyers, brokerage firm Swiss Capital said.
The total amount raised was RON80.13 million, or 100.17% of the target sum, and the proceeds will be used to increase the company’s share capital.
Impact issued 80 million new shares with a face value of RON1, which were offered for subscription in two rounds.
Existing shareholders, who had preference rights over the new shares, subscribed 66.639 million shares during the first round of the offering. The remaining shares were offered for subscription to new investors at a price of RON1.01.
Impact Developer&Contractor is 47.23%-owned by Romanian entrepreneur Gheorghe Iaciu.
The company reported a loss of RON42.4 million in 2013, narrower from about RON75 million in the previous year.
At around 11:30 am Wednesday, Impact’s shares traded flat at RON1.03 in Bucharest, amid a declining market. (EUR1=RON4.3955)