Digi Communication shareholders intend to obtain RON 1.218 billion after company’s listing (IPO – initial public offering) on the Bucharest Stock Exchange (BVB) and the expected price is between RON 38 and RON 56 per share, according to the prospectus published on Thursday.
The offer is made up of two tranches, that of Public Investors and of Retail Investors. The offer for Public Investors addresses to certain Qualified Investors in the European Union and outside U.S. and, according to the S Regulation from U.S., only to persons reasonably considered to be QIB (qualified institutional buyer – ed. note), according to 144A Rule. This tranche will have allocated an initial number of 18,482,492 shares, representing 85 percent of the initial number of shares offered.
The Retail Investors tranche is addressed to individuals or legal persons and companies, other than the public investors, and will have allocated an initial number of 3,261,616 shares offered, representing 15 percent of the initial number of shares offered.
Currently, the subscribed share capital of the company consists of 65,756,028 Class A shares with a nominal value of EUR 0.10 each, as well as of 34,243,972 Class B shares, with a nominal value of EUR 0.01 each.
The shares included in the offer are of Class B, therefore they represent less voting rights.