Therefore, Meta Estate Trust will organize between July 20 and August 2, 2022 the IPO to increase the share capital and, subsequently, to list the company on the AeRO market of the Bucharest Stock Exchange.
The company aims to increase its share capital by RON25 million, a 33% increase compared to the present share capital. Meta Estate Trust will thus offer capital market investors the opportunity to purchase a maximum total number of 25 million shares. Furthermore, the subscription price is RON1.2 / share, a discount price compared to the company’s valuation of RON1.58 / share. Moreover, between July 20-26, the company will offer an additional discount of 5% of the subscription price, thus reaching RON1.14 / share.
The new shares can be subscribed at RON 1.14 / share during the first week and at RON 1.20 / share during the second week of subscription. The offer stipulates a total maximum number of 25 million shares.
“Meta Estate Trust brings to the Romanian market an innovative, agile and especially resilient business model in times of uncertainty and market correction. Making the IPO happen, followed by listing the company on the secondary market of the Bucharest Stock Exchange was, from the very beginning, part of the company’s business strategy because we want to offer those interested in the real estate market an attractive alternative to traditional investments that provides protection against inflation in today’s economic context and that also ensures the liquidity offered by the capital market”, said Eugen Voicu, Chairman of the Board of Directors of Meta Estate Trust.
Eugen Voicu also said the shareholders representing over 50% of the company’s current share capital undertook to not sell their shares over a period of at least six months since stock market listing.
The funds obtained following the IPO will go into boosting the company’s asset portfolio and developing new business lines.
The Meta Estate Trust holding has already raised almost RON79 million following two private placements and the biggest placement rose to EUR4 million (nearly RON20 million).