BVB increases its social capital by RON 3.7 mln for SIBEX merger

The Bucharest Stock Exchange (BVB) increases its social capital by RON 3.7 million for SIBEX -Sibiu Stock Exchange merger, according to a statement BVB.

“The Administration Council of BVB, which met on May 30, established the final value of the increase in the social capital of the company, as it results from the implementation of the operations from Merger Project of BVB and SIBEX and approved through the Extraordinary General Meeting of the Company’s Shareholders,” says the document.

BVB issues 375,048 new shares, with an individual nominal value of RON 10, attributed to the SIBEX shareholders.

„The social capital of BVB increases from RON 76.74 million, split in 7.67 million, with a nominal value of RON 10, to RON 80.49 million, split in 8.04 shares with a nominal value of RON 10,” says BVB.

BVB’s net profit to RON 2.83 million in the first quarter of this year, a growth by 6.97 percent compared with the same period of 2016, according to the results published on the site.

„The consolidated net profit was RON 2.83 million in the first quarter of the year, a significant growth compared with the same period of 2016, with a net margin of 31 percent, obtained in a share of 89 percent from the transactioning segment of the group,” says the document.