The proposal is subject to shareholder approval at a meeting scheduled for August 27.
According to its revenue and expenses budget for 2013, Teraplast expects 22.9% higher sales this year, of RON294.4 million. The company also expects it will switch to profit after it registered loss of about RON26.5 million in the last two years.
Teraplast is owned by Dorel Goia, with 34.2% of the shares, SIF Crisana-Banat, with an 11% stake, Emanoil Viciu (8.4%) and others (46.2%).
Teraplast traded in Bucharest Monday at RON0.17 a share, up 0.06%. (EUR1=RON4.4250)