The company issued 11,770,590 pre-emptive rights that will be traded on BVB’s Multilateral Trading System until December 10, 2021. The company announces the increase of the share capital by issuing 4,708,236 new shares, to a nominal value of RON0.1 per share and an issue premium of RON2.97 per share.
The share capital increase will be made in two stages. Each entitled shareholder received a number of preference rights equal to the number of shares held on May 20, 2021. The subscription period of the newly issued shares based on the exercise of the preference rights will run from December 15, 2021, to January 13, 2022. The subscription ratio is of a new share issued to 2,5 preference rights held. The subscription price of a newly issued share is RON 3.07 per share.
The shares that will remain unsubscribed after the end of the first stage will be offered in a private placement, during the second stage that will be held during a maximum period of 10 working days. The newly issued shares remaining unsubscribed during the second stage will be cancelled.