Andrici sold 44.5 million shares accounting for 1.88% in the company in two deals, according to ZF’s calculations. The sale, which got him RON20 million, was concluded at a price of RON0.45/share.
The report comes five months after the completion of the two transactions and the Financial Supervisory Authority fined the shareholder RON10,600 for failing to comply with reporting requirements.
(English version by Loredana Fratila-Cristescu)