The first stage of the capital increase has ended, with 80.38% of shares subscribed for, and over 4.2 million lei in attracted funds. We thank all those who have subscribed in a timely fashion and were with us during this first stage of the increase. Between August 5 and 18, the second stage of the capital increase begins, namely the private placement.
For those who want to take part in the private placement, it is good to know that the price of a 2P share will be 30.4910 lei, higher than that of the public offer, a price calculated according to the following formula: the subscription price (28.2764 lei, as dictated by exercising the preference right) + the weighted average price of the 2PR01 rights (0.38956717 lei) x the number of rights necessary to subscribe for a share in the public offer (5.68424 lei).
SSIF Goldring is the intermediary of the public offer as well as of the private placement associated with the share capital increase operation.
By issuing 185,500 new shares during the capital increase we aim to attract a 5 million lei investment at the conclusion of the operation. The capital obtained from the increase will be invested in the development projects that 2Performant has planned for, namely the consolidation and growth on the Romanian and Bulgarian markets, the expansion in foreign markets, as well as the development of a new way of attributing conversions from the 2Performant.com platform.
When will the free shares be granted?
As you already know, at the end of the capital increase against cash contribution process, we will be granting free shares at a 4 to 1 ratio, through an increase of the share capital with a maximum amount of 495,970.4 lei. This way, investors participating in the increase will receive free shares.
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), as well as the development of a new way of tracking and attributing conversions on the 2Performant.com platform.