On January 4, 2022, Bucharest Stock Exchange-listed real estate developer Impact Developer & Contractor has announced a capital increase of a maximum of RON 245 million by issuing up to 350 million shares through private placement.
The share price was RON 0.70. According to the company, “the new issue of share capital increase aims to support the development strategy for the next 6 years, a strategy that aims the development of 1.25 million square meters of residential constructions, with an estimated market value of approximately EUR 1.4 billion.”
“We start 2022 in full force and we intend to capitalize on the excellent moment we are in after the shareholders have approved the ambitious development strategy that we proposed, focused on large and sustainable projects,” commented Impact Developer & Contractor CEO Constantin Sebesanu.
