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DIGI shares start trading on the Bucharest Stock Exchange as the company sets a new record for the Romanian capital market

5/16/2017

Shares of DIGI Communications, symbol (DIGI), important supplier of telecommunication services in Romania and Hungary, started trading on the Bucharest Stock Exchange (BVB) on May 16, 2017, following the successful closing of the largest IPO of a private company concluded on the Romanian capital market.

The price of the shares offered was RON 40 per share. At this price, the value of the offering was over RON 944 mn (EUR 207 mn).

„The first issuer from the telecom sector is now listed on the Bucharest Stock Exchange following a successful market operation. The fact we witness companies from more diverse and dynamic economic fields getting listed on the stock exchange shows the degree of diversification and modernization to which the Romanian capital market has come. With returns in excess of 16% in just four months, Romania is the market showing one of the largest increases in Europe this year,” said Ludwik Sobolewski, BVB’s CEO.

"The Romanian capital market is setting new records and is stepping fast towards a new status thus becoming increasingly attractive both for the companies planning to get listed and for the investors who want to diversify their portfolio or take the first step towards the capital market. We strongly believe the listing of DIGI will urge other entrepreneurial companies to follow in its footsteps and get listed on the stock exchange in order to access the capital offered by the investors, a capital so much needed to develop in an extremely competitive economic environment at local and international levels," stated Lucian Anghel, BVB’s President.

"The listing on the Bucharest Stock Exchange represents an important moment in the history of our company and in line with our future ambitious plans. The offer of DIGI Communications was a success without precedent, proven by the very high interest on both retail and institutional tranches. We thank all investors for the trust, those who joined us before this moment and those joining on this way since now on. We look with great confidence towards the future and we promise to continue being a benchmark and a leader in innovation in our industry," commented Serghei Bulgac, CEO Digi.

The offer included 23.9 million shares, counting for 25.6% of the total shares issued by the company. Citigroup Global Markets Limited and Deutsche Bank AG, London Branch acted as Joint Global Coordinators and intermediated the offer jointly with BT Capital Partners S.A., Raiffeisen Bank S.A., Société Générale S.A./BRD – Groupe Société Générale S.A. and Wood & Company Financial Services.