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Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at iulian@romania-insider.com. 

 

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One United: Founding members get super-voting shares, the rest get dividends

One United Properties, one of the most active real estate developers of residential, office, and mixed projects in Bucharest (ONE ), will distribute dividends worth RON 32.5 mln (EUR 6.5 mln) and free shares, the measures already approved by the shareholders in the general meeting of September 10.

The shareholders also approved on September 10 the introduction of a new class of shares, B, to confer founding shareholders Victor Căpitanu and Andrei Diaconescu a voting power five times greater than regular shares, Ziarul Financiar reported.

According to the EGMS convening notice, 11.37% of the share capital of the company owned by Victor Căpitanu will be converted into Class B shares.

The same, and the same percentage of the capital is valid for Andrei Diaconescu. Consequently, the two will hold 59% of the total voting rights.

The company’s capitalisation is RON 2.8 bln (EUR 560 mln). The shareholders also approved to increase the capital with the amount of up to RON 228.8 mln (by issuing 1.144 bln new shares with a nominal value of RON 0.2) to incorporate approximately 80% of the issue premiums resulting from the public offer that took place between June 22 and July 2, 2021.

The new shares will be distributed in proportion of 4 new shares for every 5 shares held, to the shareholders who will hold ONE shares on the registration date December 17, 2021. 

(Photo courtesy of the company)

andrei@romania-insider.com

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Profile picture for user iuliane
Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at iulian@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

BVB

 

One United: Founding members get super-voting shares, the rest get dividends

One United Properties, one of the most active real estate developers of residential, office, and mixed projects in Bucharest (ONE ), will distribute dividends worth RON 32.5 mln (EUR 6.5 mln) and free shares, the measures already approved by the shareholders in the general meeting of September 10.

The shareholders also approved on September 10 the introduction of a new class of shares, B, to confer founding shareholders Victor Căpitanu and Andrei Diaconescu a voting power five times greater than regular shares, Ziarul Financiar reported.

According to the EGMS convening notice, 11.37% of the share capital of the company owned by Victor Căpitanu will be converted into Class B shares.

The same, and the same percentage of the capital is valid for Andrei Diaconescu. Consequently, the two will hold 59% of the total voting rights.

The company’s capitalisation is RON 2.8 bln (EUR 560 mln). The shareholders also approved to increase the capital with the amount of up to RON 228.8 mln (by issuing 1.144 bln new shares with a nominal value of RON 0.2) to incorporate approximately 80% of the issue premiums resulting from the public offer that took place between June 22 and July 2, 2021.

The new shares will be distributed in proportion of 4 new shares for every 5 shares held, to the shareholders who will hold ONE shares on the registration date December 17, 2021. 

(Photo courtesy of the company)

andrei@romania-insider.com

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