Thus, of the total number of 488.4 million newly issued shares, 487.8 million shares were subscribed, representing 99.88% of the Offer, respectively 476.7 million in the first stage, at a subscription price of RON0.1 per share (RON47.7 million) and 11.1 million in a second stage, in which the price was RON0.11 (EUR1.22 million).
The total nominal value is RON48.8 million and the issue premium is RON110,933. A total number of 578,301 unsubscribed shares will be cancelled.
The operation was carried out in accordance with the provisions of shareholders’ decisions of April 2023 and of the simplified offer prospectus approved by Romania’s Financial Supervisory Authority (ASF) in July 2023.
Vrancart has a market value of RON194.9 million and its largest shareholder is Lion Capital, with a 75.5% stake. VNC shares have gained 23.3% so far in 2023, amid deals worth RON1.3 million, in line with stock market data.