Andrici motivated its proposal through the increase of loss registered by Impact, as well as through the "necessity to bring the nominal value of the actions to a level that reflects their current transaction value on the capital market".

The last three years, Impact registered constant loss. For the last two years, the loss registered almost 120 million lei (international accountancy standards – IFRS), according to the information available on the website of the Bucharest Stock Exchange. For 2010, the company reported loss of 17.5 million lei (Romanian accountancy standards – RAS).

The social capital reduction will implement through the diminution of the nominal value of the shares, from 1 leu to 0.1 lei, according to the document the company released to the Bucharest Stock on Monday. (source: