Report
Piotr Raciborski, CFA

WOOD Flash – DIGI Communications: new share issuance; new price target

Yesterday (9 April), DIGI Communications finalised a new share issuance and their distribution among its shareholders, with a 2:1 split ratio, meaning that the owners of both class A and B shares received two shares of the respective class (treasury shares were excluded from the process). As a result, DIGI’s number of shares has increased from 100m to 291.2m.
In order to reflect this change, we have reduced our PT from RON 87.4 to RON 30.0/share
Underlying
Digi Communications NV

Provider
Wood and Company
Wood and Company

WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.

A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.

Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.

We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.

Analysts
Piotr Raciborski, CFA

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