TeraPlast completes the share capital increase

TeraPlast Group has closed in advance, after just one day, the second phase of the share capital increase due to high investor’s demand who have purchased the entirety of the over 31 million shares which remained unsubscribed after the first phase of the share capital increase. Thus, TeraPlast raised 20 million Euro in total within the two phases.

“I would like to thank all shareholders and investors that participated alongside me in this share capital increase, both the existing shareholders who subscribed in the first phase and the new investors who exhausted the ABB offer in the first hours since it was launched. Even though the process of expansion and growth of TeraPlast Business takes longer than we had hoped and the results are not where we would like them to be, the support of our shareholders will allow TeraPlast Group to continue its development through acquisitions in Romania and abroad. It is a favorable time for acquisitions, and the success of the share capital increase demonstrates that we have investors with a strong long-term vision by our side, who understand that we are well-positioned to fully capitalize on the opportunities in the market.” Stated Dorel Goia, Chairman of the Board of Director of TeraPlast.

The share capital increase raised over 20 million Euro for TeraPlast. These funds will be used for acquiring new companies, both in Romania and abroad, as well as to cover the current needs of the company.

The share capital increase was carried out through an issue of 222.200.000 shares. In the first phase, the one of exercising the preference rights, a number of 190.763.160 shares were subscribed by TeraPlast’s existing shareholders, pro-rata with their respective holdings. The remainder 31.436.840 shares were sold in an accelerated book-build process which started on September 12, 2024, and was scheduled to last for four days. Considering the high investor interest, with subscriptions exceeding the total number of shares available in this stage, the board of directors of TeraPlast decided to close the process in advance after the first day. The final price for the share capital increase is of RON 0.45/newly issued share.