July 4 is the first trading day of Electrica SA shares on the regulated market of Bucharest Stock Exchange (BVB) in the Tier I, Equity sector.
The company’s listing comes following the successful closing of an IPO for 51.2% of its share capital, after a capital increase, valued at EUR 444 mn. 79% of the securities sold in the IPO were bought by institutional investors, while the rest of 21% by retail investors, to whom were realocated 6% more shares compared to the initial tranche. The subscribers’ distribution by country shows that the majority of institutional investors are from Romania, Poland, UK and USA.
Electrica has a capital of RON 3,459,399,290, divided in 345,939,929 shares with a nominal value of RON 10/share.
"Romanian capital market is better prepared today to accommodate flows of capital than it was a couple of months ago. We are now on our way to become the financial centre of Southern-Eastern Europe and one of the most dynamic market places of the CEE region. There is still work ahead of us, which must be continued. Romania has a clear goal and must be equipped with all instruments necessary for achieving this goal. Romania has also a great tradition and history of the financial and business culture. Rebuilding the capital market means being faithful to this eminent past." said Ludwik Sobolewski, BVB CEO.
