Impact Developer & Contractor grants its shareholders 2 free shares for every 5 owned

Impact Developer & Contractor, the first real estate developer listed on the Bucharest Stock Exchange (IMP stock symbol), registered, on June 30, in the Trade Register the share capital increase operated by granting each shareholder 2 free shares for every 5 shares owned.

IMPACT’s share capital increases up to 580,730,953.25 lei, by the partial incorporation of the undistributed reported result in the previous financial years. The 663,692,518 newly issued shares have a value of 165,923,129.50 lei and will not change the shareholdings.

“The purpose of this operation is, on the one hand, to provide additional remuneration to our shareholders and, on the other hand, to strengthen our financial position and support the company's development plan. The year 2022 came with challenges difficult to anticipate. Beyond the geopolitical context, price increases accompanied by uncertainty followed, but IMPACT proved to have an adaptable business model by finding new resources and using a diversified range of financing instruments. Our ultimate goal is to develop sustainable communities for our customers and create added value for the company's shareholders” said Constantin Sebeșanu, CEO IMPACT Developer & Contractor.

The increase of the share capital by issuing and granting 2 free shares for every 5 shares held was decided at IMPACT’s General Meeting of Shareholders  on June 9, 2022. The registration of the new shares will take place on July 22 for all shareholders registered with the Central Depository on July 21, 2022.

Currently, IMPACT owns 89.6 ha of land with an EPRA value (EPRA values are determined in accordance with the standards of the European Public Real Estate Association) estimated at 799.2 million lei, of which 73.5 ha with immediate development potential, on which new large projects,  with mixed functions and infrastructure, will be built, such as: Greenfield Băneasa, Greenfield Plaza Băneasa, Greenfield West, Greenfield West Plaza, Luxuria City Center in Bucharest, Greenfield Copou and Greenfield Copou Plaza in Iasi and Boreal Plus in Constanta. The gross development value of these projects, in the period 2022 - 2027, amounts up to 1.3 billion euros. The company’s portfolio also includes Luxuria Residence compound located in Expozitiei area in Bucharest, one of the few projects fully completed at the moment in Bucharest.

IMPACT Developer & Contractor is one of the first 3 companies listed on the Bucharest Stock Exchange (BVB) and at the same time the first listed real estate developer, in 1996. In over 25 years of uninterrupted listing, IMPACT has stood out as an innovative company and for the diversity of stock market financing tools it has used.

Since March 2022, IMPACT shares have been included in the FTSE Global Micro Cap Index, part of the FTSE Global Equity Index Series (GEIS) dedicated to Emerging Markets.