The company has summoned a shareholders’ meeting for April 22 to approve the plan.
MAM Bricolaj reported a net profit of RON3.6 million for 2020, of which it plans to use RON677,200 to raise its share capital to a total of RON846,500. The company proposed May 13 as the ex-date for the free share distribution.
MAM Bricolaj has a stock market capitalization of RON77 million and its shares grew 50% since the company’s market debut.
It is 67.5% owned by Cristian Gavan (CEO) and 7.5% by Petruta-Puica Gavan, while nearly 25% is stock market free float.