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.
Based on NRF01 preference rights, investors subscribed shares with a nominal value of RON0.4 which were offered at a price of RON13.1161 per share. According to calculations by Ziarul Financiar (ZF), the company raised RON6.97 million from investors.
The remaining, unsubscribed 18,611 shares will be offered to 149 investors during a private placement brokered by SSIF Goldring, which will take place between April 14 and 27, 2021. The price at which the shares will be offered will be RON0.01 higher than the price at which the shares were sold in the first stage, which means that if the placement ends successfully the amount raised will be RON244,300, per ZF calculations.
Norofert has a stock market capitalization of RON151.3 million and its shares have increased 44.6% since the beginning of the year, amid deals worth RON49.3 million.
Norofert is 38.7% held by Vlad Popescu, 19% by Ileana Popescu and 11.6% by Marius Alexe, per stock market data.