The company therefore raised RON29.4 million from 269 holders of preference rights or 84.77% of what it had set out to.

The subscription period was October 16 – November 15, 2023, but the payment period ended on September 5, as decided by the board of directors.

The capital increase was fueled by the company’s need to develop and retool its operating facilities.

(English version by Loredana Fratila-Cristescu)