Romanian developer One United Properties rolls out share price consolidation, dividend payout

One United’s shareholders approved a proposed consolidation of shares at a ratio of 50 to 1 at the October 10 meeting, a move designed to reduce the number of shares in circulation, thereby decreasing share price volatility. The nominal value of each share will increase from RON 0.2 to RON 10 per share, with no impact on the overall market capitalization of the company.

Other greenlighted measures include approving the audited financial statements for the first six months of 2024, the payment of the first tranche of the 2024 dividend, a new RON 20 million share buyback program, and the ratification of various credit facilities for ongoing developments. All points on the order were approved, and most passed with over 99%, with a 79% quorum.