The proposition was included in the agenda for the shareholder meeting set for April 27.
Thus, the company could buy back at most 26.4 million of its own shares, at a minimum share price of RON0.1 and a maximum price of RON0.25.
Romcarbon shares were last traded Tuesday, at RON0.1644. If the shares are bought back at market price, the stake could cost a total RON4.3 million.
The buyback operation has an 18-month timeframe starting on the date of Official Journal publication.
Romcarbon posted a net profit of RON2.89 million in 2011, compared to a loss of RON0.53 million in the previous year. Revenue dropped 5.3% on the year in 2011, to RON115.2 million.
Shareholders include Taiwanese Living Plastic Industry with 32.85%, Unitai International Corporation with 20.5% and Eastern Eagle Fund with 14.2%. (EUR1=RON4.3746)