Bucharest Stock Exchange (BVB) informs that on Thursday, January 26, will start trading VITKR01 pre-emptive rights issued for the share capital increase carried out by Vitimas S.A. Tecuci VITK). The company issued 710.848 pre-emptive rights that will be traded on BVB’s Multilateral Trading System during January 26 – February 1. The company announces the increase of the share capital by issuing 710.848 new shares, to a subscription price of RON 3 per share.
The share capital increase will be made in two stages. Each entitled shareholder received a number of preference rights equal to the number of shares held on Registration Date, 10.11.2022. Thus, the preferential rights will be able to be traded for a period of 5 working days, between January 26, 2023, and February 1, 2023.
The new shares will be offered for subscription as follows:
- The shareholders registered on 10.11.2022 who did not alienate their preference rights during the transaction period for these preference rights;
- The persons who acquired preference rights, including by buying them during the transaction period.
The first stage, which represents the subscription period, will take place over a period of 31 calendar days and will take place between 06 February 2023 and 08 March 2023. The subscription ratio is 1:1, therefore a person can purchase a number of shares equal to the number of preferred rights held.
In the second stage, the new shares remaining unsubscribed after the first stage of the capital increase will be offered for subscription to the first stage subscribers. The subscription period in the second stage is 10 working days, between March 15-28, 2023.
In the two stages of subscription of the newly issued shares, the price will be RON 3 per share. The newly issued shares remaining unsubscribed during the second stage will be cancelled.
All the necessary information is available on the BVB website at the following link.