ROCA Industry Greenlights 14 Million New Shares in Stage II Capital Boost

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 9,268,720 RON, 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 140.7 million RON, 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.

This step reconfirms the commitment of ROCA Industry to ensure additional sources of sustainable financing for the Romanian companies in its portfolio, through a transparent and accessible trading environment for investors. The holding company aims to further strengthen its position in the construction materials industry in Romania and aims to use the funds resulted following the capital increase for investments in strategic projects and the expansion of the portfolio of companies and products.

“The beginning of the year comes with a sustained increase in the interest of investors, which reflects their confidence in the huge prospects of the Romanian industry, but also in our know-how to create European-level industrial performers. We are confident that this second stage of the capital increase will considerably support us in our goal of reaching a capitalization level of over 50 million euros,” declares Ionuț Bindea, CEO of ROCA Industry.