Romanian Real Estate Co Impact To Offer 0.14% of Its Stock to Management, Employees at 0.057 Lei (0.013 Euro)/Share

Impact Developer & Contractor will launch the offering, equal to 0.14% of the company's capital, between September 9 and September 18, the company said in a statement to the Bucharest Stock Exchange, BVB.

KBC Securities will manage the share offering.

Data from the Central Depository showed that as of June 30, individual investor Dan Ioan Pop owned 28.07% of Impact Developer & Contractor, while individual investor Daniela Carmen Sandulescu held a further11.55% stake. Smaller investors accounted for the balance.

Impact Developer & Contractor shares closed down 3.29% at 0.411 lei on the BVB on Wednesday.

(1 euro = 4.2429 Romanian lei)