Romania Winemaker’s shares surge on BVB as the company announces free share distribution

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(The Romania-Insider)

The shares of Moldovan wine producer Purcari Wineries (WINE) went up by 6.25% on Thursday, March 4, after the company announced that it would double its share capital and distribute free shares to its existing shareholders.

The proposal will be discussed in the company’s General Shareholders’ Meeting on March 20.

Purcari plans to increase its share capital from EUR 200,000 to EUR 400,000 by incorporating some reserves. It plans to issue 20 million new shares that will be distributed free of charge to existing shareholders (as of July 20, 2021 – registration date).

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