The Financial Supervisory Authority approved on Wednesday the simplified prospectus related to the issuance of a maximum number of up to 309,869 new shares, by exercising the preferential rights within the share capital increase of Electrica, informs the company through a report submitted to the Bucharest Stock Exchange.

The capital increase, approved by the decision of the General Meeting of Electrica Shareholders on April 25, 2019 and by the decision of October 4 of the Board of Directors, will be realized by contribution in kind and in cash, with the maximum amount of 6,049,830 lei, from the present value of 3,459,399,290 lei up to the maximum value of 3,465,449,120 lei, where 295,114 shares represent the contribution in kind of the Romanian state, and up to 309,869 new shares that will be offered for subscription in cash, in the exercise of the right of preference, to other shareholders, according to Agerpres.

The period of exercise of the right of preference is November 1, 2019 – December 3, 2019 for new shares in the form of shares.