The company thus reaches a market value of RON514.8 million and the share capital is to be divided into 2.57 million shares, each with a nominal value of RON0.20 per unit.
Per the decision of the company’s Board of Directors, for each five shares already owned, shareholders will receive four new shares.
“If the number of shares to which a shareholder would be entitled in the Share Capital Increase is not a natural number, the number of shares that will be effectively allotted to that shareholder will be rounded down to the next lower natural number, and the settlement price for the fractions of shares resulting from the application of the algorithm shown above and the rounding of the results is RON 2, while the New Shares resulting from the share fractions will be allotted to the Company. The rights related to the shares allotted to the Company, including the voting rights, shall be suspended for the entire period of their holding by the Company”, the company said in a stock market report.
The registration date for the shareholders which will benefit from the share capital increase is December 17, the ex-date was set for December 16, the payment date of the new shares is December 20. Also, December 27 is the date for the payment of the price for the settlement of the shares fractions resulting from the implementation of the specific algorithm of the Share Capital Increase.
The company’s shares started trading on the Bucharest Stock Exchange under the ticker symbol ONE, on July 12, 2021 following an initial public offering (IPO) worth RON260 million.
One United Properties has a stock market capitalization of RON3.37 billion and is 29.75% held by Andrei Diaconescu, through OA Liviu Holding Invest, and 29.75% owned by Victor Capitanu, through Vinci Ver Holding.