The bonds are dematerialized, freely negotiable, fully paid, will carry an annual interest rate of up to 12% and will mature in at least three years and maximum five years, respectively, for each issue. They are convertible or non-convertible, denominated in lei or in EUR, secured or unsecured, with the possibility of early repurchase at the company’s initiative, and will be admitted to trading on one of the markets of the Bucharest Stock Exchange.
Roca Industry said in its convening notice that the bond issue program is aimed at funding full or partial acquisitions of new companies for the diversification and synergetic optimization of the company’s investment portfolio.
At the same time, the company’s intention subject to shareholders’ approval is to split the nominal value of shares in 1:10 ratio, namely from RON10 to RON1. Following the implementation of the share split operation, the company’s share capital will be divided into 248.7 million shares.
Roca Industry has a market capitalization of RON206 million and its biggest shareholder is ROCA Investments, with 65.95%. ROC1 shares have traded down 10.8% so far in 2024, amid deals worth RON14.1 million, as per stock market data.