Shareholders will decide on the issue on June 27, when they will also approve the setting up of a legal entity in Albania.

Prospectiuni registered revenues of RON415.4 million (EUR94.2 million) in 2013, up 20.5% from RON344.7 million in 2012.

Its turnover rose 21.6% to RON382.4 million in 2013, from RON314.3 million in 2012.

Prospectiuni is 55.7%-owned by local businessman Ovidiu Tender, while regional investment fund SIF Muntenia holds an 11.82% stake.

In Bucharest, Prospecțiuni last traded at RON0.1394 a share. (EUR1=RON4.4164)