During the second stage, 18,611 shares that remained unsubscribed during the first stage were offered to investors during a private placement. Seventeen investors participated and subscribed all of the remaining shares. Consequently, the company has raised RON244,300 during the second stage.
During both stages, investors subscribed 550,000 new shares with a nominal value of RON0.4. The accounts of shareholders who participated in either of the two stages were loaded with NRFR02 allocation rights. Overall, the company raised approximately RON7 million from investors.
During the first stage, investors subscribed a total 531,389 shares, out of 550,000 shares available, which represents 96.6% of the total issue, for RON6.97 million. The private placement was brokered by Goldring and was carried out between April 14 and 27, 2021.
Following the closing of the share capital increase operation, the company will register the new share capital at the Trade Registry, with the Romanian Supervisory Authority, as well as the Central Depository. As soon as the process with all the relevant institutions is finalized, the rights will be transformed into NRF shares.
Norofert has a market value of RON154.7 million and its shares have been trading up 49.1% since the beginning of 2021, amid deals worth RON50.8 million.
Norofert is 38.7% held by Vlad Popescu, 19% by Ileana Popescu and 11.6% by Marius Alexe, per stock market data.