Moldova's National Commission for Financial Markets reminds minority shareholders of the right to request a buyback after share issuances above 25% of share capital

Moldova's National Commission for Financial Markets has reminded minority shareholders that, under the Law on Joint Stock Companies, they may require an issuer to purchase their shares when the company carries out additional share issuances exceeding 25% of share capital. The commission noted that several joint stock companies made such “transactions of proportion” in May–July 2025, including ALBINUȘA-II, EDIFICIU, CRIO IZVORUL and JLC (formerly SA “Lapte”). The process involves submitting a written request to the issuer, after which the buyback price is determined and the company must pay the consideration within one month of the request (by postal order, bank transfer or cash). As the shares of the four named companies were not traded on a regulated market or multilateral trading facility and therefore have no market price, the acquisition price is set equal to the net asset value per share from the latest financial statements, calculated by the companies’ censors commissions; the commission indicated values of MDL 2.74 for ALBINUȘA-II, MDL 26.94 for EDIFICIU, MDL 1.6 for CRIO IZVORUL and MDL 328.59 for JLC. The buyback procedure is to be run after registration of the increased share capital with the Public Services Agency, and shareholders have three months from that registration to submit requests; requests filed after the statutory deadline may be rejected.