Maximum 250,000 will be repurchased, with a nominal value of 9.1% of the share capital, at a minimum price of RON20 and a maximum price of RON120 per share.
Unirea Shopping Center ended the first half of 2020 with a net profit of RON7.1 million, half the level reported in the same period in 2019, and a sales turnover of RON30.08 million, up 6.3% on the year, per ZF calculations based on the company’s half-yearly financial report. The shoping centers in Bucharest and Brasov were closed between March 16, 2020 and June 15, 2020, when Romania was under a state of emergency due to the coronavirus pandemic.
Unirea Shopping Center is controlled by The Nova Group Investments Romania Bucharest with 80.3%, while regional investment fund SIF Muntenia (SIF4.RO) owns 10.8%.
SCDM shares have been trading up 17.9% since the start of 2020, amid deals worth RON2.7 million, ensuring a market value of RON181.5 million.