Saturday | October 12, 2024 |
Market Status: CLOSED

Market News


INFINITY CAPITAL INVESTMENTS S.A. - INFINITY

Purchase of PAID S.A. shares

Release Date: 10/11/2024 6:02:22 PM

IRIS Code: 81D7C

CURRENT REPORT

according to Law no. 24/2017 (R) and F.S.A. Regulation no. 5/2018 on issuers of financial instruments and market operations

 

Report date: 11.10.2024

Name of the issuer: Infinity Capital Investments S.A.

Headquarters: Dolj County, Craiova, Tufanele Street no. 1, postal code 200767

Phone/Fax: 0251-419.335 / 0251-419.340

Fiscal Registration Code: RO 4175676

Order number at the Trade Register: J16/1210/30.04.1993

FSA Register Number: PJR09FIAIR/160001/08.06.2021

ISIN: ROSIFEACNOR4
LEI Code: 254900VTOOM8GL8TVH59
Depozitory-Custodian: Raiffeisen Bank S.A.

Depozitory: Depozitarul Central Bucuresti

Share capital subscribed and paid: 50,000,000 lei

Regulated market on wich the issued securities are traded on: Bucharest Stock Exchange – Shares, Premium Tier (market symbol INFINITY)

 

Important event to report: Acquisition of a stake in Poolul de Asigurare Against Natural Disasters S.A. – PAID

 

Infinity Capital Investments S.A. informs the shareholders and investors that it has purchased, directly and indirectly, a number of 3,965,073 shares representing 20.50% of the share capital of PAID S.A., in the framework of public auctions held pursuant to Law no. 85/2014 on insolvency prevention and insolvency procedures.

The 3,965,073 shares were acquired as follows

·      2,901,273 shares representing 15% of the share capital of PAID S.A. by Infinity Capital Investments S.A., the total amount paid being 18,689,063 lei;

·      1,063,800 shares representing 5.50% of the share capital of PAID S.A. by the subsidiary Gravity Capital Investments S.A. (in which Infinity Capital Investments S.A. owns 99.99% of the share capital), the total amount paid being 7,534,476.90 lei. The funds necessary for the payment of these shares came as a result of the increase in the share capital of Gravity Capital Investments S.A., through a cash contribution, within which Infinity Capital Investments S.A. subscribed a number of 880,000 shares, totaling 8,800,000 lei.

The exercise of specific shareholder rights will be carried out after the approval by the Financial Supervisory Authority of the quality of significant shareholder and the related acquisition project.

 

Sorin-Iulian Cioaca

President – General Manager

 

 

Mirela Danescu

Compliance Officer

 



 Print

Information provided by IRIS, the news platform of the Bucharest Stock Exchange.

______________________

Bucharest Stock Exchange ("BVB") is not responsible for the content of this News item. Issuers whose financial instruments are traded on markets operated by BVB are required to report in accordance with current legal and regulatory provisions. BVB publishes these Reports as market administrator, appointed by ASF. When, for investors’ information, Reports are published, either signed by different persons, or with conflicting information, legal liability lies fully with the signatories. BVB disclaims any obligation or responsibility towards issuers or third parties, regarding the reality, completeness and accuracy of information provided by them and distributed by BVB. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.


©2016 Bucharest Stock Exchange. All rights reserved