Prebet also received shareholders’ approval to carry out investments up to RON20 million in shares and bonds listed on the stock market.
“Approval of the lending by Prebet Aiud S.A. of the company to be established, in order to carry out financial intermediation (own-account investment activities) according to paragraph 5 of the agenda of the Ordinary General Assembly, within the limits established by the Board of Directors”, according to one of the issues on shareholders’ agenda.
The report also shows the “Approval of the amendment of the own share acquisition program carried out in order to reduce the share capital, approved by the EGM Decision of 26.04.2023, as follows:
a) Purpose of the program: The company will acquire shares in order to reduce the share capital, by canceling the shares.
b) Maximum number of shares that can be acquired: maximum 2% of the subscribed share capital.
c) Minimum price per share: RON1.84 in compliance with the legal provisions and regulations regarding trading
in financial instruments.
d) Maximum price per share: RON2.4 .
e) Duration of the Program: July 12, 2023 – June 30, 2024.
f) The payment of the acquired shares will be made from the distributable profit or from the available reserves of the company, registered in the last approved annual financial statement, except for the legal reserves.
g) The acquisition of the shares will be made within the market where the shares are listed or through the development of public purchase offers, in accordance with the applicable legal provisions”
Prebet has a market value of RON97 million and is 22.95%-owned by GES-Green, 12.89% by Anodin Assets and 11.99% by Acord Construct. So far in 2023, its shares have gained 14% amid deals worth RON14.7 million.