The proposal is subject to shareholder approval at a meeting scheduled for June 17.
If approved, Ropharma will issue 21.8 million new shares with a face value of RON0.1. The new shares will be distributed free of charge to its existing stockholders.
Also on June 17, Ropharma’s stockholders are expected to elect three new members in the company’s board.
Ropharma is 35.24%-owned by local businessman Mihai Miron.
On the Bucharest bourse Tuesday, Ropharma closed down 8.34% at RON0.621 a share. (EUR1=RON4.3311)