Thus, the preference rights NRFR01 were loaded in the shareholders’ accounts on December 14, 2020 and will be traded on the MTS-AeRO market of the Bucharest Stock Exchange starting February 22 until March 5, 2021.
The company will issue, within the capital increase operation, a total 550,000 new shares with a nominal value of RON 0.4/share. The capital increase operation will be organized in two stages. In the first stage, the investors will be able to purchase newly issued shares based on the number of preference rights. To subscribe a new share, 14.58898 preference rights are required, with rounding off to the nearest inferior natural number.
“The price per share has been stabilized at 13.1161 lei/share. The price per share includes the share nominal value (0.4 RON) and the issue premium (12.7161 lei). The price was calculated using the formula as specified and agreed by shareholders in EGMS Decision no. 2 from 24.11.2020, namely the average trading price calculated for the last 30 days prior to the date of submission of the final form of the Prospectus to the ASF, which took place on 28.01.2021, with a discount of 25%, according to the math formula: Issuance price = average trading price within the last 30 days * 0.75,” the company said in a stock market announcement.
If there are shares left unsubscribed upon the closure of the first stage, they will be offered to 149 investors within a private placement, at a price higher than the offer price.
Norofert has a market capitalization of RON220.7 million. The company is 38.7% held by Vlad Popescu, 19% by Ileana Popescu and 11.6% by Marius Alexe.
NRF shares have been trading up 113.2% since the beginning of 2021, amid deals worth RON18.2 million, per stock market data.