Iaciu increased the purchase price to 0.22 a share (EUR0.0496) a share, from RON0.1799 previously. The initial purchase price was RON0.16 a share.
At the updated price, the 61.17% stake Iaciu wants to buy out is valued at RON26.8 million (EUR6 million).
Under Romanian capital market regulations, Iaciu has to increase the purchase price every time he buys shares from the market at higher prices compared to the one in the original offer.
Ianciu, who already owns 38% in Impact, launched a mandatory takeover bid for the remaining shares in the company.
The offer takes place between September 26 and October 16. Swiss Capital is bookrunner on the deal. (EUR1=RON4.4306)