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Impact Developer & Contractor offers one free share for every 2 shares held, within a capital increase operation

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 Impact Developer & Contractor issued 131,250,000 new shares and is offering its shareholders one free share for every two shares held. The company's share capital, registered in the Central Depository, was increased by 50%, to the value of 393,75 million lei. At the same time, the Impact stock (IMP stock symbol) splits in a ratio of 1:4, therefore the number of shares becomes 1,575,000,000.

 

Impact Developer & Contractor completed the operations of increasing its share capital by incorporating capital bonuses of 69.48 million lei, as well as the amount of 61.76 million lei from the reported results in 2020. Thus, 131,250,000 new shares were issued, which were allocated to the existing shareholders on the registration date of June 25th, 2021, in proportion to one new share for every two shares held.

 

Following the capital increase, on July 5th, 2021 the stock split operation was registered, with a division ratio of 1:4. Thus, the total number of shares increased from 393,750,000 to 1,575,000,000 ordinary, nominative, and dematerialized shares, with a nominal value of 0.25 lei/share.

 

The aim of this initiative is to generate a positive yield that meets our investors’ expectations. Also, by dividing the Impact stock, we wish to become more attractive also for small investors, who thus benefit from more flexibility in managing their held shares. The capital market remains the central axis of Impact and we are implementing the best practices in the relationship with our investors”, said Constantin Sebesanu, CEO Impact Developer & Contractor.

 

Impact company has a market capitalization of about 834.75 million lei (as of July 6th, 2021).

 

About Impact Developer & Contractor S.A.

With 30 years of experience on the market, Impact Developer & Contractor SA is the only real estate developer listed on the Bucharest Stock Exchange. The mission of Impact Developer & Contractor is to develop sustainable projects, at BREEAM Excellent quality standards, both in Bucharest and in the big cities of the country. Among the developer's reference projects are Greenfield Baneasa and Luxuria Residence, the only residential project in Bucharest with BREEAM Excellent Certification. As part of the national expansion strategy, in 2020 Impact started the construction of a premium residential project in Constanta, Boreal Plus, a mixed project consisting of villas and apartments. Also, Impact continues the expansion at regional level and starts Greenfield Copou, in Iasi.

 

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