AFTER THE CHANGE IN THE SALE OF PURCHASES OF INVESTMENT, Private investors withdraw their subscriptions to Alro – Capital Market



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* 4.35% leu for ALR, up to 3.52 lei, slightly above the minimum bid price

Retail investors started and withdraw subscriptions In the second public call to The savings that Vimetco and Conef launched on July 2 for Alro (ALR), after Thursday, July 12, the issuer announced the three-day extension of the market operation, until July 19, 2018, as well as the variation of the sale price, for the period between 3.5 lei and 4 lei per share.
Thus, at the end of the month, individual subscriptions rose to 4.65 million shares, about a quarter less than those recorded on July 12 when retail purchases were made. amounted to 6.2 million shares.
At the same time, the share of ALR securities in the regulated market of low Friday, of 4.35%, up to 3.52 lei, slightly above the minimum bid price.
Originally, the offer was to end on July 16, the market operation having only a maximum price of 6.18 lei / title
Retail investors must subscribe at the upper limit of the price range, with a discount of 7% of the price offered for subscriptions throughout the period of the market transaction
under the lnst. offer, individual investors are not intended for more than 57.56 million shares, or 15% of the turnover, the rest belonging to the institutions banks
last year, The aluminum producer achieved a net profit of 391 million lei, more than five times more than in 2016, while the net result was 72 million lei.
At present, the Vimetco NV group, registered in the Netherlands and controlled by the Russian billionaire Vitali Machitski, owns 84.19% of the aluminum producer, while Conef holds a stake of 3.77% and Proprietatea Fund (FP)% of the issuer, the remaining 1.83% being float.

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