“The new released shares will not modify the shareholders percentage and will be distributed for free to all company’s shareholders, registered in the Shareholders’ Registry. (…) Each shareholder registered in the Register of Shareholders at the registration date will be allocated a number of 1 free share to 4 shares held”, Teraplast Bistrita said in a statement on Monday.
TeraPlast Group’s turnover doubled in the first half of the year to RON338 million, from RON172 million in the same period last year, mainly due to new acquisitions. Its net profit rose 33% year-on-year to RON10.5 million in January-June 2018.
Teraplast has a market capitalization of RON308 million after its shares have dropped 10% since the start of 2018, amid transactions worth over RON14 million.
Teraplast is 46.7% held by businessman Dorel Goia, 10% owned by Luxembourg-based KJK FUND II, and the remaining shares are distributed among other investors on the Bucharest capital market.