During the subscription period based on the exercise of pre-emptive rights, 77.66 million of the total 107 million newly issued shares were subscribed at a price of RON0.3 per unit.
Following the operation approved by the shareholders in November 2021, Iproeb’s share capital increases from RON14.3 million to RON37.6 million. The remaining unsubscribed shares will be cancelled.
Iproeb Bistrita posted RON148.8 million (EUR30.2 million) revenue in 2021, up about 47.7% from the previous year and a net profit of RON3.8 million (EUR785,000), almost five times higher than the previous year, the company’s annual report says.
The company has a capitalization of RON20.9 million and is 47.64% owned by Electromontaj Bucharest and 13.64% by DD Constanta Group. Iproeb’s shares are down 7.2% in 2022, amid transactions of RON670,500, according to Bucharest Stock Exchange data.
(English version by Loredana Fratila-Cristescu)