Teraplast wants to amend the decision made by the Extraordinary General Meeting of Shareholders on August 24,2020, later amended by the EGM decision on June 25, 2021, approving the “repurchase of up to 5,500,000 shares with a par value of 0.1% at a price equal to the price on the stock market in Bucharest and of no more than RON1/share.”
The shares repurchased will be offered to the employees, senior employees of the companies in the Teraplast Group and to the directors of the company for free as part of a stock option plan.
Teraplast has gained 206% on the stock market since the beginning of the year, amid RON610.7 million transactions. It has a RON2.4 billion capitalization and is 46.83% held by businessman Dorel Goia, while private pension fund NN Pensii owns 12%, according to Bucharest Stock Exchange data.
(English version by Loredana Fratila-Cristescu)