The share capital increase will be carried out by incorporating approximately 80% of the share premiums resulted from the public offering conducted between 22 June 2021 and 2 July 2021.
Following the increase, the share capital will reach RON514.82 million.
Victor Capitanu also proposes the approval of a price of RON2 per share for the settlement of the shares fractions resulting from the share capital increase.
The agenda of the shareholders meeting also includes the proposition that each of the founding shareholders of One United Properties should contribute all their shares in the company’s share capital to companies wholly owned by each of them.
Thus, Victor Capitanu will contribute all the shares held by him in the share capital of the company to the share capital of Vinci VER Holding S.R.L., a limited liability company, of which he is the sole shareholder (holding 100% of the share capital and voting rights), and Andrei – Liviu Diaconescu will contribute all the shares held by him in the share capital of the company to the share capital of OA Liviu Holding Invest S.R.L., a limited liability company, of which he is the sole shareholder (holding 100% of the share capital and voting rights).
Shareholders are also expected to approve the distribution of dividends, the share capital increase and the introduction of a new Class B shares aimed at conferring the company’s founders, Victor Capitanu and Andrei Diaconescu, a voting power five times greater than a regular share.
Per the summoning note of shareholders meeting, 11.37% of the share capital of One United held by Victor Capitanu will be converted into Class B shares. The same thing and the same percentage of the share capital goes for Andrei Diaconescu as well.
The shares of One United Properties started trading on the Bucharest Stock Exchange on July 12, 2021. The stock market listing came after the closure of an initial public offering (IPO) for the sale of shares to increase the company’s share capital, whereby the real estate developer raised RON260 million.
One United Properties was founded by Victor Capitanu and Andrei Diaconescu, who currently hold 59% of the company’s shares and are the only executive members of the Board of Directors. The remaining five Board members are non-executive.