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    IMP   ROIMPCACNOR0

IMPACT DEVELOPER & CONTRACTOR S.A.

(IMP)
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End-of-day quote Bucharest Stock Exchange  -  05-16
0.6300 RON   +4.30%
04/08IMPACT DEVELOPER NTRACTOR S A : Litigations
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03/25IMPACT DEVELOPER NTRACTOR S A : Notice of O&EGSM 28.04.2022
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02/26Impact Developer & Contractor S.A. Reports Earnings Results for the Full Year Ended December 31, 2021
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Impact Developer ntractor S A : & Contractor runs between 04.01.2022 - 21.01.2022 a Capital Increase of up to 245 million lei (50 million EUR) through Private Placement

01/04/2022 | 02:19am EDT
IMPACT Developer & Contractor runs between 04.01.2022 - 21.01.2022 a Capital Increase of up to 245 million lei (50 million EUR) through Private Placement

Impact Developer & Contractor, the first real estate developer listed at Bucharest Stock Exchange (stock symbol IMP) announces the development between 04.01.2022 - 21.01.2022 of a capital increase of maximum 245 million lei by issuing up to 350 million shares, at the price of 0.70 lei/share, through Private Placement.

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 sqm of residential constructions, with an estimated market value of approximately 1.4 billion EUR. The new residential projects will be developed on large areas of land, in unique and remarkable locations, with green neighborhoods, built to nZEB and BREEAM Excellent standards, using sustainable principles and technologies, respectively using alternative energy sources, "smart city" solutions, electric mobility solutions.

"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.", says Constantin Sebeșanu, CEO of Impact Developer & Contractor.

Currently, the company owns over 73 hectares of land in Bucharest, Constanta and Iasi, on which it develops 6 projects: GREENFIELD Baneasa, GREENFIELD West, LUXURIA Expozitiei and LUXURIA Verdi Parc, in Bucharest, BOREAL Plus in Constanta and GREENFIELD Copou in Iasi.

In addition, the company aims to increase the free-float and liquidity of the share on the Bucharest Stock Exchange. IMP shares closed the last trading day of the year at the price of 0.7 lei/share, after an advance of 123% in 2021, on increasing volumes.

The start of the capital increase through a private placement is based on the decision of the Extraordinary General Meeting of Shareholders on 20.08.2021, which approved the increase of the company's share capital, by cash contribution, through one or more issues of new ordinary shares, with a maximum number of 775 million new shares. The final number of new shares by which the share capital will be increased within the new private placement will be established following its development and completion, by the decision of the Board of Directors which will ascertain the number of shares subscribed and which will approve the amendment of the articles of incorporation of the Company accordingly.

Disclaimer

Impact Developer & Contractor SA published this content on 04 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 January 2022 07:18:08 UTC.


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All news about IMPACT DEVELOPER & CONTRACTOR S.A.
04/08IMPACT DEVELOPER NTRACTOR S A : Litigations
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Financials
Sales
Net income
Net Debt
P/E ratio
Yield
Capitalization 991 M 211 M 211 M
EV / Sales -1
EV / Sales 0
Nbr of Employees 63
Free-Float 27,4%
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Technical analysis trends IMPACT DEVELOPER & CONTRACTOR S.A.
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 0,63 RON
Average target price 0,99 RON
Spread / Average Target 57,1%
Managers and Directors
Constantin Sebesanu Chief Executive Officer
Claudiu Bistriceanu Chief Financial Officer
Iuliana Mihaela Urda Chairman
Lucian Udroiu Technical Director
Daniel Pandele Independent Non-Executive Director
Sector and Competitors