In December 2020, the Issuer carried out a secondary offer for the sale of shares, through a private placement in which it attracted RON 8.1mn from investors, being subscribed 37.2 million shares, at a price of RON 0.218/ title. Thus, the investors who participated in the private placement hold 77.64% of Star Residence Invest shares, and Impact Developer&Contractor (IMP.RO), the only real estate developer listed on the Bucharest Stock Exchange, the founder and majority shareholder of Star Residence Invest at that time, reduced its stake in Star Residence Invest to 22.36%.
Following the private placement, Star Residence Invest obtained an anticipated capitalization of RON10.5 million (EUR 2.1 million).
BRK Financial Group (BRK) carried out the private placement and, at the same time, the listing of the company on the AeRO market, as Authorized Consultant. BRK Financial Group will continue to assist Star Residence Invest for the next 12 months, after listing, to meet investor reporting and information requirements.