A total 13.3 million shares, representing 99.5% of the overall number of shares of the Offering, in the total amount of worth a total RON13.5 million, were subscribed with the share capital increase, per calculations by Ziarul Financiar.
Within the first stage of the share capital increase, carried out between November 11 and December 12 2020, a total 361,535 shares were subscribed at a subscription price of RON1 per share. Within the second stage, almost 13 million shares were subscribed, at a price of RON1.01 per share, through compensation of some receivables worth RON13.1 million held by shareholders Florin Pogonaru, Tudor-Alexandru Georgescu, NORD SA, Victoria Art & Business Center SRL and ECDL Romania SA.
Upon the completion of the Offering, the company (the issuer) cashed RON361,535 and compensated receivables in the amount of RON13.1 million.
Tudor-Alexandru Georgescu subscribed 1.7 million shares, Florin Pogonaru subscribed 9.9 million shares, NORD Bucuresti subscribed 495,049 shares, Victoria Art & Business Center subscribed 495,049 shares and ECDL Romania subscribed 396,039 shares. Upon the completion of the operation, the company is majority held by Florin Pogonaru (38.2%), Nord Bucuresti (20.15%) and Tudor-Alexandru Georgescu (10.8%).
Promateris has a market value of RON58 million. Its shares have been trading up 100.6% since the beginning of 2020, amid deals worth RON7.8 million, which means their value has doubled in 2020.