MedLIfe, which has been listed on the local stock market since December 2016, reached a market capitalization of RON1.043 billion on Monday (Nov 16), being the first time when its market value has exceeded the RON1 billion threshold.
Earlier Monday, MedLife summoned its shareholders for December 15 to approve raising the company’s share capital from RON5.5 million to around RON33 million by incorporating reserves and issuing new shares.
“The share capital increase will be achieved by incorporation of reserves and the newly issued shares shall be allocated freely to the shareholders of the company registered in the Shareholders’ Register on January 4, 2021, set as the registration date (“Date of Registration”)”, MedLife said in its shareholders meeting summons.
“Each shareholder registered in the Shareholders’ Register on the registration date shall receive at no cost or charge a number of 5 newly issued shares for each share held at the date of registration,” per the meeting summons.
Medlife proposes January 5, 2021 to its shareholders as the payment date.
Investors have been trading MedLife shares in the amount of RON2.2 million, which are among the best trading sessions of 2020 for the company.