Real estate developer Impact to increase its capital by 50 million Euro through private placement

Impact Developer & Contractor, real estate developer listed at Bucharest Stock Exchange (stock symbol IMP) announces the development between January 4-21 of a capital increase of maximum 245 million RON by issuing up to 350 million shares, at the price of 0.70 RON/share, through Private Placement.  

The new issue of share capital increase aims to support the development strategy for the next 6 years, a strategy that aims the development of 1.25 million sqm of residential constructions, with an estimated market value of approximately 1.4 billion EUR.

Currently, the company owns over 73 hectares of land in Bucharest, Constanta and Iasi, on which it develops 6 projects: GREENFIELD Baneasa, GREENFIELD West, LUXURIA Expozitiei and LUXURIA Verdi Parc, in Bucharest, BOREAL Plus in Constanta and GREENFIELD Copou in Iasi.