One United Properties will distribute to shareholders on December 20th, 2021 bonus shares in proportion of 4 new ONE shares for every 5 shares held. The bonus shares will be awarded to shareholders that hold ONE shares on the registration date of December 16th, 2021. The date of guaranteed participation, meaning the last date when the investors can buy ONE shares to benefit from the bonus shares, is December 15th, 2021.
“Since our first capital increase in 2017, at One United Properties we have always capitalized the premiums resulting from capital increases in order to strengthen our capital base. At the same time, considering the incredible development potential of the real estate sector in Romania, but also abroad, we are dedicated to maintaining our growth-oriented dividend policy that incorporates both cash distribution and granting of bonus shares. We thus maintain our dividend policy under which we will distribute to our shareholders up to 35 percent of the gross consolidated profit, with the remaining of the capital being reinvested into expansion of our business. In parallel, we want to maintain the semi-annual dividend distribution model, with the first dividend payment being approved in the annual shareholders meeting in April of each year and the second one being subject to shareholder’s approval in the second half of the year. We believe that this approach strikes the perfect balance between rewarding all our shareholders for their contribution while maintaining access to the capital necessary for our development,” said Victor Capitanu, co-founder of One United Properties.
The total value of the share capital increase is RON 228,812,470.60, as the company will issue a total of 1,144,062,353 new ordinary shares, with the nominal value of RON 0.20 per share. The capital used for this operation comes from incorporating approximately 80% of the issue premiums resulting from the IPO that One United Properties carried out between June 22nd and July 2nd, 2021. Therefore, following the share capital increase operation, the share capital of One United is RON 514,828,058.80, divided into 2,574,140,294 shares.
If the number of shares to which the shareholder is entitled is not a natural number, the number of shares awarded will be rounded down to the next natural number. For the share fractions, One United Properties will pay a settlement price resulting from the algorithm set according to the applicable legal provisions, which equals 2 lei. The share fraction settlement will be paid to the shareholders on December 27th, 2021.
