2Performant plans to attract 5 million lei from investors in a capital increase operation on BSE
Technology company 2Performant, leader of the local affiliate marketing market and recently listed on the AeRO market of Bucharest Stock Exchange (BVB) announces the intention to attract 5 million lei from investors on the Bucharest Stock Exchange through a capital increase operation social.
The attracted capital will fuel investments in consolidation and growth on the Romanian market, but also in expanding on markets in the region. The capital increase operation will be submitted to the EGMS vote of 2Performant scheduled to take place on March 22, 2021, using the eVote solution, a platform that allows companies to organize general meetings of shareholders (GMS) online.
“In December 2020, we performed the technical listing of 2Performant on the Bucharest Stock Exchange out of the desire for the market to establish the price of 2P shares, and the capitalization so far and the good evolution of the share price confirmed our expectations. Now is the time to attract capital for the accelerated growth of the company both on the Romanian market and on the markets in the region. We have ambitious plans for 2021 and beyond and we want current and future shareholders to be with us in this phase of business scaling up. Through this capital increase we want to support on the one hand growth projects in the markets of Romania and Bulgaria, where we have a strong presence and where we still have a potential for growth in pace with the acceleration of online commerce and digital marketing; on the other hand, to start the expansion in the region through partnerships with important eCommerce players with a regional or European presence ”, says Dorin Boerescu, CEO of 2Performant.
Subject to the approval of the General Meeting of Shareholders, according to the call published on the company’s website, the increase of the share capital with cash contribution will take place in two stages, the allocation of preference rights and their trading on the SMT AeRO market, followed by the situation in which unsubscribed shares will remain, of a private placement. This operation aims to fuel the strategic investments that 2Performant will make in the period 2021-2022 to accelerate the company’s development, both through growth projects in the markets of Romania and Bulgaria through the affiliate marketing product, and through technical integrations with partners. strategic, with a strong impact on business and with the potential to form user communities in foreign markets. Following the capital increase, 185,500 new 2P shares will be issued.
The shares of 2Performant entered trading on the Bucharest Stock Exchange on December 9, 2020, following a technical listing on the AeRO market. 2Performant ended the first trading day as the most liquid stock on the first trading day, from the launch of the AeRO market until that date, and at the end of the first trading day it had a total of 900 transactions worth 3,006,839 lei. The company has chosen to list on the stock exchange to access the financing mechanisms offered by it, necessary to continue investing in technology, capturing accelerated growth in the eCommerce segment and supporting expansion plans in the region. Being a technology company from a new and unique sector on BVB, the management decided to offer investors the possibility to establish the market capitalization based on demand and supply. Today, 2Performant has a market capitalization of 35.3 million lei.
Currently, the company is managed by Dorin Boerescu as Sole Director, but in order to comply with best corporate governance practices, the majority shareholders have proposed the appointment of a board of directors. The first candidacies have already been published: Dorin Boerescu (CEO and majority shareholder 2Performant), Anda Patzelt (lawyer with 20 years of experience, currently head of the Law Firm Anda Patzelt) and Iulian Cîrciumaru (Managing Partner V7 Capital, President of CA Holde Agri Invest, member of the Advisory Board of the venture capital fund GapMinder and the non-profit organization Ideo Ideis). Shareholders may also nominate other candidates.
Read more on: 2Performant.com