Investment opportunities in the strategic industrial sector: ROCA Industry looking to raise RON 140.7 mln in private placement
ROCA Industry, the first building materials holding in Romania, announces the end of the first stage (intended for the exercise of pre-emptive rights) and the launch of the second stage of the capital increase, in the form of a private…
- ROCA Industry, the first building materials holding in Romania, announces the end of the first stage (intended for the exercise of pre-emptive rights) and the launch of the second stage of the capital increase, in the form of a private placement.
- The share capital increase was approved by ROCA Industry shareholders in June 2023, and the prospectus related to its first stage, as well as the listing operation on the regulated market of the Bucharest Stock Exchange (BVB) of all ROCA Industry shares, was approved by the Financial Supervision Authority (ASF) in December 2023.
- The holding company issues, within the private placement, a number of 14,073,128 new shares, with a nominal value of 10 RON / share and a total value of RON 140.7 million. The placement runs in the period 16th – 30th of January 2024, with the possibility of anticipated closure.
- In the last year, ROCA Industry shares were, in total value, in the top 3 traded shares of the companies included in the BET AeRO index of the Bucharest Stock Exchange.
- The transfer of the holding to the BVB main market will give investors the opportunity to participate in the development of a strategic industrial sector, which can put Romania on the European map of construction material producers.
ROCA Industry, the first industrial holding of construction materials in Romania, listed under the symbol ROC1 on the AeRO market of the Bucharest Stock Exchange (BVB) and owned in majority by ROCA Investments, announces the completion of the first stage (intended to exercise the pre-emptive rights) in which 926,872 new shares were subscribed with a nominal value of 10 RON each, with a total nominal value of RON 9,268,720, and the start of the second stage of the capital increase consisting of a private placement, having as its object the actions not subscribed in the first stage.
The object of the private placement is a total number of 14,073,128 new shares, with a nominal value of 10 RON/share, of which a number of 5,641,277 new shares will be issued as a result of compensation with certain claims owed by ROCA Industry to ROCA Investments, the difference being offered for subscription in exchange for cash contributions. The total value of the capitalization round through private placement amounts to RON 140.7 million, according to the current report issued by the company on January 11, 2024.
At the end of 2023, the Financial Supervisory Authority (ASF) approved the prospectus for the capital increase (intended for the exercise of pre-emptive rights), with a maximum of 150 million lei, and the admission to trading of ROCA Industry shares on the regulated market of the Stock Exchange Bucharest (BVB). The capital increase takes place in two stages, the first between December 11, 2023, and January 10, 2024, with shares offered for subscription based on pre-emptive rights, followed by a private placement round, between 16 – 30 January 2024, with the possibility of early closing.
