In May 2004 Transelectrica was the first company with majority state capital that launched the governmental programme "A Sound Market – Developing the Capital Market" promoting an initial primary public offer to increase by 10% the Company's share capital by selling a number of 7,329,787 new shares. The preparation route has been long and not easy but, with the unconditional assistance of the intermediation consortium, it was well finalised on August 29th, 2006 when the bell sound opened the meeting of the Stock Exchange where the Company shares began being transacted in the 1st category under the symbol TEL. At that moment we recorded a great success- we collected more than 123 million lei on the market (over 34 million euro) and the general subscription degree of the newly issued stock was 6.46, which proved the Romanian investors' interest in IPO-s in the first place, but also the foreign ones', as well as the great but insufficiently capitalised potential of Romania's capital market.
      Overall in these 5 years the Company:
      - Obtained a total net profit amounting to approximately 387 million lei, of which more than 168 million lei were distributed as dividends;
      - Made payments to the state budget as profit tax totally amounting to 105 million lei;
      - Had more than 450 meetings with investors, analysts, brokers, and fund managers in various forms (call conference, one-2-one, meeting, attendance to conferences, seminars, events etc.) Also in this balance moment (29.08.2011) the Company registers the following figures as well:
      - Stock exchange capitalisation- approximately 1,426 million lei (336 million euro)
      - The first Company listed to the BSE that approved a Corporative governance regulation (2009) in its Shareholders' general assembly and filled in an ‘apply or explain' return (2010)
      - Maximum value- 49.30 lei on 07.05.2007
      - Minimum value- 8.55 lei on 11.03.2009
      If a Romanian natural person investor purchased a share under IPO against 16.80 lei and kept it until next Monday, 29.08.2011, when the closure price was 19.45 lei, collecting also the due dividends in the meantime, its total net gain would have been of 4.579 lei, respectively 27.25%, which can be satisfactory for a long term investor with no risk appetite.
      "The Company's position on the capital market and the relation with its institutions is an honour, showing us we are on the right track, it also makes us aware, putting us in motion and obliging us to use all our available efficient resources so as to bring added value to our shareholders. We do not wish to leave out some delicate circumstances we have been faced with, for instance faulty communications, which we however assume and try to avoid in the future; we think we came to age and obtained enough experience so that our professionalism can be proven. We are aware in our quality of representative issuer on the Romanian capital market that we have to obtain performance in the future as well in all respects- the efforts spent to date just oblige us for the years to come. And we shall have the opportunity to show this to all investors, once the free-float grows taking into account the secondary offer notified by the majority owner, the Romanian state, through the OPSPI. We are convinced such an activity is beneficial to all stakeholders and we will muster our strength in exemplary manner in order to meet all expectations", has stated Mr. Horia Hahaianu, Director General of Transelectrica.