The operation will be carried out through a share capital increase.
The remaining RON6.8 million from 2020 profit represents “profit left undistributed”, according to shareholders’ decision.
The company’s share capital increase will be made by issuing up to 10,593,509 new ordinary, nominative and dematerialized shares, with a nominal value of RON1 per share following the incorporation of 57.775% of the undistributed profit related to 2020.
The New Shares will be allocated to the Company’s shareholders in proportion to the holdings in the Company’s share capital, for every 16 shares already held, one New Share will be allocated.
If the number of shares to which a shareholder would be entitled within the share capital increase is not a natural number, the number of shares that will actually be allocated to that shareholder will be rounded down to the next lower natural number. The price for the compensation of fractions of shares will be RON2.01.
Following the increase of the share capital, the company’s share capital will exceed RON180 million.
The company has a capitalization of RON314.5 million and is 95.8% held by Lucian Nicolae Serban.
Grup Serban Holding registered consolidated revenue of RON275.2 million in the first half of 2022, up 71% on the year, and a turnover of RON240 million, up 97% on the year. Its EBITDA stood at RON20.5 million at the end of June 2022, up 13% on the year, and its net profit reached RON6.8 million, up 40% versus the first six months of 2021.