The capital increase operation will be carried out by issuing 13.8 million shares, each with a nominal value of RON2.5/share, which will boost the capital to RON51.8 million from RON17.4 million, as per stock market data.
The increase will be operated by including the investments funding in 2019 and 2020 from the state budget, in a single stage, without an issue premium, through subscription in an IPO. The funds will be used to secure working capital and to operate investments.
The proposal for the ex-date is February 8, 2024, and for the registration date is February 9. The payment is anticipated to be set for February 12.
Romaero is listed on the AeRO market of the Bucharest Stock Exchange.
The company has a RON132 million capitalization. It is 56.7% owned by the Romanian State, followed by SIF Muntenia (23.2%), Fondul Proprietatea (18.9%) and other shareholders (1.2%).