The subscription period for National Company Nuclearelectrica (SNN) shares related to the share capital increase will start on January 5 and will continue for a period of 31 calendar days, until February 4, 2015, according to an announcement posted on the Bucharest Stock Exchange website, informs Agerpres.
Increasing the share capital of SNN is done by cash contribution in the total amount of 239,172,630 lei, from the current value of 2,817,827,560 lei to the amount of 3,057,000,190 lei, by issuing a maximum number of 23,917,263 new shares, at a price of 10 lei per share, equal to the nominal value (excluding the issue bonus).
“Increasing the share capital is done through the issue of shares in exchange for cash contributions worth 194,367,700 lei by the majority shareholder, which is the Ministry of Economy, the Department for Energy, and new cash contributions, respectively, worth a maximum of 44,795,930 lei, that will allow, on one hand, the minority shareholders to exercise their right to preference and also, on the other hand, will allow the implementation of the management strategy and of the investment plans approved by the Company,” says the announcement.
The shareholders enrolled in the Registry of Shareholders on October 22, 2014 are entitled to subscribe and pay for shares of this issue, proportional to their participation quota in the company’s capital held at the registration date.
Nuclearelectrica is the operator of the Cernavoda nuclear power plant, which provides 20 pct of the electricity generated nationwide.