The share capital increase was approved by the company’s shareholders on June 4, 2021.
“On December 27, 2021, it was completed the second stage for the increase of the share capital approved by the Decision of the Extraordinary Shareholders’ Meeting from June 4, 2021. At the end of stage I, a number of 14,253,236 preferential rights REITR01 were exercised, for which amounts of 5,701,294.40 lei were settled. At the end of the second stage, no subscriptions were registered. The company will take steps to register the capital increase,” the report reads.
Star Residence Invest has a stock market capitalization of RON9.8 million. Its biggest shareholders are BRK Financial Group (with a 23.93% stake), Impact Developer & Contractor (22.36%) and Ion-Gheorghe Manea (13.12%).
REIT shares have been trading down 15.3% over the last six months amid deals worth RON4.1 million, per stock market data.