The day when we announce the preference rights trading period is upon us! Here we have written extensively about what these rights mean and to whom they have been granted. Basically, the preference rights with symbol 2PR01 were uploaded to the accounts of 2P shareholders on April 8, 2021, and they can be traded between May 31 and June 14. The market will be the one setting the price of the preference rights.
The subscription price per share has been set at 28.2764 lei per share,at a discount of approximately20% compared to the price registered on 25.05.2021, during the last trading session on the stock exchange.The price includes the nominal value of the share (0.1 lei) plus the issue premium (28.1764 lei) and has been calculated using the following formula: the weighted average price per share for the 30 days prior to the submission date of the final form of the prospectus to the Financial Supervisory Authority (FSA), namely May 10, 2021, to which a 25% discount is applied.
To subscribe for a new 2P share at the above price, 5,68424 preference rights are required,rounding to the nearest lower natural number.
What follows after the trading of the preference rights?
We’ve been talking a lot about the capital increase schedule, and now we have clear dates that we can relate to, as follows:
• May 31 – June 14: 2PR01 preference rights trading period
• June 22 – July 22: Investors holding preference rights have 31 days to subscribe for the new shares
• August 5 – 18: Private placement – if any shares should remain unsubscribed at the end of the first stage, they will be offered to a maximum of 149 investors in a private placement, at a higher price than the public offer.
When will the free shares be granted?
As you already know, at the end of the capital-increase-through-cash-contribution process, the investors taking part in the capital increase will be granted free shares. We will be granting free shares at a 4 to 1 ratio, through a share capital increase by a maximum amount of 495,970.4 lei.
What are our plans for the 5 million lei investment that we are looking to attract?
We are a constantly developing growth technology company and this 5 million lei investment will help us consolidate our leading position in affiliate marketing that we have in Romania and increase our presence in external markets. We have three major initiatives in which we will invest the capital raised on the stock market: the development of strategic partnerships with important online commerce and affiliate marketing players (such as regional, European, and global affiliate networks and brands with high online commerce traction), growth and consolidation initiatives in markets where we already have a strong position (Romania and Bulgaria), and the development of a new way of tracking and accurately assigning conversions on the 2Performant.com platform.