Of the RON60 million, only RON1 million actually increased the share capital – the remainder represents a share premium, allocated to reserves.
“The new shares are fully subscribed by shareholder Iulian Gabriel Stanciu through a cash contribution of RON1,000,000, with a total share premium of RON59,000,000, amounting to RON590 per share,” the decision says.
As a result of the operation, the share capital increased from RON13,367,530 to RON14,367,530 through the issuance of 100,000 new shares with a par value of RON10.
The other shareholder, Dragos Nicolae Sirbu, waived his preemptive right and did not subscribe to any new shares. Following the increase, Stanciu holds 1,369,915 shares, representing 95.348% of the capital, and Sirbu holds 66,838 shares, representing 4.652%, compared with 95% and 5%, prior to the operation.
(English version by Loredana Fratila-Cristescu)