The share capital increase will be carried out by issuing a maximum 5,846,266,626 new nominative ordinary shares, in dematerialized form, each share having a nominal value of RON0.1, at a subscription price of RON0.1 per share, equal to the nominal value, without a share premium.
Of the total value, RON120.6 million is the sum resulted in exchange of 1,206,602,392 new shares, representing the in-kind contribution of the Romanian State, through the Ministry of Energy, as a result of obtaining 1,943 land ownership certificates issued in accordance with Government Decision no. 834/1991 for the determination and evaluation of land of state-owned companies with its subsequent amendments and supplementations, with a total area of land plots to be included in the share capital being of 1,379.05 hectares, reads the report published by OMV Petrom at the Bucharest Stock Exchange.
At the same time, up to maximum RON 463,966,423.40 represents a maximum number of 4,639,664,234 new shares, which will be offered for subscription, within the exercise of their preference right, to the other shareholders (i.e. OMV Petrom’s shareholders except the Romanian State), registered in OMV Petrom’s shareholders’ register held by Depozitarul Central S.A., on the record date 6 July 2022.
The subscription period will be for at least one month, estimated to occur during the September to October 2022 timeframe. The subscription period will be included in the prospectus, that will be submitted for approval to the Financial Supervisory Authority and subsequently published.
The shares that remain unsubscribed at the end of the period for exercising the preference rights for subscribing the New Shares will be cancelled through the decision of the Executive Board that will acknowledge the results of the Share Capital Increase.
BRD – Groupe Societe Generale S.A. is the intermediary selected with respect to the share capital increase and will provide intermediation services in connection with the offering of the new shares.
The Romanian State owns 20.6389% of the share capital of OMV Petrom, the biggest company listed on the Bucharest Stock Exchange.
OMV Petrom expects a net profit of RON2.84 billion and revenues of RON21.3 billion in 2022. Investments are set to revolve around RON4.3 billion, from RON2.8 billion in 2021.
SNP shares have declined by 4.2% in 2022, amid RON1.6 billion deals. The company has a market share of RON27 billion.
(English version by Catalina Apostoiu)