Impact loses 12m RON from capitalisation after return to trading

The stock of Impact real estate developer (IMP) yesterday started being traded again after a four months and a half absence, with its price losing 14% from the last, July 9, quote. Thus, the company’s capitalisation dropped by around 12m RON, to 75m RON.

The BSE and the CNVM (National Securities Commission) decided to re-introduce Impact stock to trading in the wake of questions and requests received from investors, according to market sources. Major foreign investment funds have voiced their interest in the situation of Impact stock.
Impact shareholder structure includes investment funds managed by important names for Franklin Templeton (6.09%), or Artio Global (the former Julius Baer-with 8.46%).
“I believe the decision of the two market institutions (BSE and CNVM i.e.) to resume the trading of Impact stock was expected by BSE investors. However it is hard to say how they will react and what will happen with the stock price,” stated Dan Ioan Popp, Impact chairman and founder, who still owns around 22% in the company.