Romanian developer One United Properties will distribute 32.5 million lei (around €6.5 million) in cash dividends, while its share capital will be increased by up to 288.8 million lei (€58.4 million), according to a voted of shareholders.
The company will issue bonus shares in proportion of 4 new shares for every 5 shares held and launch a new class of shares.
In the first semester, One United Properties recorded a turnover of 434 million lei (€88.1 million) and a net profit of 147.5 million lei (€29.9 million).
Shares in One United Properties were up 0.31% to 1.95 lei on Monday morning trading on the Bucharest Stock Exchange (BVB). Its market capitalization amounted to 2.7 billion lei (€546 million).
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