Meta Estate Trust, a holding company operating in the real estate sector, with an innovative investment model for the first time on the Romanian market, announces that the Financial Supervisory Authority (ASF) has approved the IPO prospectus ( IPO) of the company.

Therefore, Meta Estate Trust will organize the IPO to increase the share capital and, subsequently, to list the company on the AeRO market of the Bucharest Stock Exchange, between July 20e and August 2n/a2022. The new shares can be subscribed at 1.14 RON/share the first week, and 1.20 RON/share the second week of subscription.

The company aims to increase its registered capital by RON 25 million, an increase of 33% from the current registered capital. Meta Estate Trust will thus offer capital market investors the opportunity to purchase a maximum total number of 25 million shares. In addition, the subscription price is 1.2 RON/share, a price discounted compared to the valuation of the company of 1.58 RON/share. In addition, between July 20e and 26ethe company will offer an additional discount of 5% of the subscription price, thus reaching 1.14 RON / share.

According to the company, the minimum subscription value is 5,000 shares, while in the event of a crash, the pro rata allocation method will be used to determine the number of shares for each investor, As part of the initial public offering, Meta Estate Trust will receive assistance from Popovici, Nițu, Stoica & Asociații, while the valuation of the business has been done by Veridio. BRK Financial Group will be the intermediary during the IPO.

„Meta Estate Trust brings to the Romanian market an innovative, agile and particularly resilient business model in times of uncertainty and market correction. The realization of the IPO, followed by the listing of the company on the secondary market of the Bucharest Stock Exchange, was part, from the beginning, of the business strategy of the company, because we want to offer people interested in the real estate market an attractive alternative to traditional investments. which offers protection against inflation in the current economic environment and which also ensures the liquidity offered by the capital market,” said Eugen Voicu, Chairman of the Board of Directors of Meta Estate Trust.

According to his statements, the funds from the IPO will be directed to increasing the company’s asset portfolio and developing new businesses.

“As a pioneer in this business segment, we want to take advantage of the opportunities offered by the market in an intelligent way, so that the amounts obtained from the stock offering can be used to increase, consolidate and expand the portfolio of In the current market context, in which real estate investments are safe havens, Meta Estate Trust’s economic model ensures risk reduction thanks to diversification both geographically and by market segment, but above all thanks to a rapid capital turnover,” said Eugen Voicu.

He pointed out that once listed, another benefit of Meta Estate Trust will be that investors will benefit from liquidity for a traditionally illiquid asset class.

The company representative also clarified that shareholders representing more than 50% of the company’s current capital have undertaken not to sell their shares for a period of at least 6 months from the IPO.

“We are pleased that many of our shareholders, founding members, management team and Advisory Board have once again reinforced their confidence in our business model. So, as proof of their long-term commitment, even though the shares of Meta Estate Trust will go public in August, they will not sell their portfolio for a period of 6 months,” concluded Eugen Voicu.

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