IMSAPROIECT is supplying complete insulator strings for aerial networks, glass insulators, porcelain insulators and composite insulators, and fittings for insulator strings for aerial networks and stations. The company, also, delivers turn-key installations for photovoltaic applications, floor heating and frost protection.
"It is a challenge to have on ATS a company whose activity is so connected with the energy sector, considering its dynamics. And it is a path for a sound company to open itself to a broader range of investors, improve the quality of information for decision-making and increase visibility among its peers. ATS is an incubator for those companies willing to grow and promote further to the regulated market", said Ludwik Sobolewski, BVB CEO.
Shares will be traded on Tier I-ATS. IMSAPROIECT is the second company admitted to trading on this tier.
Also, IMSAPROIECT is the fifth company listed on the BVB alternative trading system, where are listed also Transilvania Leasing IFN Brasov, Fides Capital Bucharest (former Pro-Vorbas), SIF Imobiliare PLC (registered in Nicosia, Cyprus) and Premia Finanziaria SPA (registered in Catania, Italy).
By listing the company's shares on the BVB ATS market, current shareholders plan for development of the company in terms of transparency and visibility. This creates the possibility that the company IMSAPROIECT to become well known in the market, to obtain financing, to grow on the exchange and to advance to the regulated market. The first issue of new shares, to be sold via a public offering, is planned in 2015.
IMSAPROIECT has a share capital of RON 1.716 million, divided into 1.716 million shares with a nominal value of RON 1.
Enhanced shareholders synthetic structure on June 20, 2014, as per Central Depository:
Peter Santo 549,000 shares - 31.993%
SIX IMPORT EXPORT SRL Bucharest 549,000 shares - 31.993%
Individuals 543,000 shares - 31.6434%
Corporate 75,000 shares - 4.3706%
Santo Peter, Chairman of the Board of Governors, owns more than 36% of the shares, 32% directly, and 4.37% via Santel Impex SRL (where he is sole owner). Santo Peter holds, also, a 25% stake in the company SIX Import-Export SRL, which has almost 32% stake in IMSAPROIECT.
The company recorded last year a turnover of RON 9.139 million, up from RON 8.811 million in 2012. Company earned in 2013 a net profit of RON 118,000, compared to a loss of RON 16,000 in 2012.
For this year, IMSAPROIECT estimated turnover is RON 8.145 million and, over the next four years, the turnover is expected to reach RON 13.177 million. Estimated net profit for this year is RON 165,000 and net profit over the next four years is expected to reach RON 850,000.
Some of IMSAPROIECT customers are Enel Distribution, E.ON Moldova Distribution, LS Cable & System Ltd. IMSAT - SA Groupe SNEF, Nuclearelectrica and ArcelorMittal Galati.
Details on IMSAPROIECT are available on the BVB website, www.bvb.ro, in company’s dedicated section.
