Monday started the subscription period for Nuclearelectrica shares related to a capital increase, which will be completed on February 4, 2015, according to an announcement posted on the website of the Bucharest Stock Exchange.

The increase is done with cash in the maximum aggregate amount of 239,172,630 lei, from the current value of 2,817,827,560 lei to 3,057,000,190 lei, by issuing a maximum 23,917,263 new shares, at a price of 10 lei/share, equal to the nominal value (excluding the share premium).

“The increase of capital is made through an issue of shares for an existing amount of cash, 194,367,700 lei, made by the majority shareholder (the Romanian State), through the Ministry of Economy, respectively through new cash contributions in the amount of up to 44,795.930 lei that will allow, on the one hand, the exercise of pre-emptive rights of minority shareholders, but also the execution of management strategy and investment plans approved by the Company”, according to the announcement.

On December 3rd, 2014, the Bucharest Court communicated to Nuclearelectrica a request for summons filed by Fondul Proprietatea (FP), who wanted to annul the decision to increase the capital of the company, wrote at the time economica.net. FP owns a stake of nearly 10% in Nuclearelectrica.