Romanian abrasive materials maker Carbochim launches rights issue

Existing shareholders can subscribe for 0.66 new shares for each one they already own between December 22 and January 21, Carbochim said in a statement filed with the Bucharest Stock Exchange.

The company plans to issue 2.562 million shares at a price of 2.5 lei each, equal to their nominal value.

Carbochim has a share capital of 9.7 million lei. Its shares last traded on December 10, when they closed 13.68% down at 4.92 lei.

(1 euro= 4.4806 Romanian lei)