The key terms of the issue involve raising capital through cash contributions totalling 29.475 million lei. The issue comprises 2,947,500 Class I ordinary shares with a nominal value of 10 lei each. The placement format is a private placement.
According to the exchange’s website, existing shareholders registered with the Central Unified Depository, as well as a limited group of investors in accordance with a specially approved list, will be eligible to subscribe for the securities.
This issue is aimed at implementing the second tranche of the exchange’s strategic development plan. According to the Framework Agreement on the Moldovan International Stock Exchange, this stage constitutes the second round of financing, covering the period up to 2026. The total investment under this tranche will amount to up to 1.5 million euros.
The funds raised will be used to strengthen the exchange’s infrastructure and integrate modern trading instruments, thereby enhancing the liquidity and transparency of Moldova’s financial market. Shareholders also approved the accompanying resolution on the issue of securities and the list of persons eligible for the private placement.
Who is participating in the issue?
These are investors who already hold shares and are officially listed in the register of shareholders. They have a pre-emptive right to purchase new shares in order to maintain their current shareholdings. At the time of the exchange’s launch, the shareholder base comprised 10 major institutional entities from Moldova and Romania:
- The Bucharest Stock Exchange (BVB) — the largest shareholder with a 26.67 per cent stake.
- The Moldovan State, represented by the Public Property Agency (APP) — holds 20 per cent of the shares.
- Major systemic banks and financial players — including institutions such as maib, Moldindconbank, OTP Bank and others.
There is less information available regarding the ‘restricted group of individuals’ (new investors) on the special list. These are potential participants who were included on this list at the shareholders’ meeting.
In line with the trading platform’s development strategy, this closed list comprises institutional investors and strategic partners invited to finance the second round of the project’s scaling up to €3 million.
As this is a private placement, the exact list of names and company names constitutes a commercial secret of the exchange and confidential information held by the regulatory authorities (the National Securities and Stock Market Commission). Individuals (ordinary citizens) are definitely not included on this list.
This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.
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