“The shareholders unanimously voted in favor of approval of increase in the issued share capital of the Company from EUR 200,000.00 to EUR 400,000.00 through issuance of 20,000,000 bonus shares to all shareholders of the Company registered in the shareholders’ registry on July 20, 2021,” the announcement shows.
The 20,000,000 bonus shares will be issued at nominal value and paid out of the share premium reserve of the Company. The right to receive bonus shares by entitled shareholders cannot be opted out. The Board of Directors is empowered to take all actions required for the implementation of the share capital increase, the announcement also reads.
WINE shares have been trading up 13.64% since the beginning of 2021, amid deals worth RON32 million. The company has a market value of RON500 million.