Under the agreement, GEM will be able to purchase NRF shares from Mr. Popescu Vlad Andrei, up to a total value of USD 15 million, over a three-year period.
The put option may be exercised by Mr. Popescu Vlad Andrei several times during this period, in accordance with the contractual terms.
The funds obtained by the significant shareholder following the transactions will be directed towards financing the Company, by lending to Norofert S.A. and/or by participating in future share capital increase operations, in accordance with the applicable corporate approvals and the provisions of the capital market legislation in force.
The financing will support Norofert’s development plans in the United States and Brazilian markets.
GEM Global Yield is a global investment group headquartered in New York, which manages assets worth 3.4 billion USD and which has completed over 590 transactions in 70 countries.
(English version by Catalina Apostoiu)