Final price offer at Hidroelectrica was set at 104 lei per share after it closed on Monday with the aim of listing on the Romanian stock market on July 12.

If you signed up as part of the offer, you should know that you will get the rest of the money from the price difference.

It should be noted that people who did this during the discount period receive them at a price of 100.88 lei/share.

How many shares will you get if you subscribe to Hidroelectrica

The tranche was topped up by 5% (17,941,635 shares), but still oversubscribed, so what is called, somewhat more technically, a pro rata split.

In general, you will receive a number of shares equal to the number of shares subscribed multiplied by the distribution index (proportional factor).

In this case, the proportional factor is 0.3209762650.

If you subscribed for, for example, 50 shares, you will receive 16 shares. You will get the rest of the money.

You will be able to see the shares in your account on July 10th.

If you want more, you will have to buy directly from the market after the July 12 listing.

Institutional investors owned 71,766,542 shares

Institutional investors did not have a discount.

“Fondul Proprietatea has granted the Joint Global Coordinators an option (over-allotment option) consisting of 11,701,067 shares exercisable in whole or in part within 30 calendar days from admission to trading, these shares are distributed for stabilization purposes,” the statement said. sent to the Bucharest Stock Exchange (BVB).

In the event that the over-allotment option is exercised in full, the total number of shares offered in the offer will increase to 89,708,177, representing 19.94% of Hidroelectrica’s share capital, corresponding to the Fund’s entire interest in Hidroelectrica.

Of these, 71,766,542 shares were allocated to the tranche for institutional investors (representing 80% of the total number of shares offered and shares in connection with the redistribution option), and 17,941,635 shares were allocated to the tranche for retail investors (representing 20% of the total number of shares offered).

The proportional distribution coefficient calculated for the retail tranche under the Offer is 0.3209762650.

According to the press release, Hidroelectrica will not receive any proceeds from the sale of shares. Settlement will take place on July 10, 2023. Admission and start of trading on the Bucharest Stock Exchange (BVB) will take place on July 12, 2023 under the symbol “H2O”.

Immediately after admission, Hidroelectrica shares will be included in the BET BVB index.