Each brokerage was allowed to submit one application with offers not exceeding the amount slated in the prospect - 800,000 shares.
The application’s arrangement showed the total value of the market orders was 2,149,773 leva. Limited orders for 3,845,409 shares for 6,867,480 leva were received.
According to the established “reflection price” procedure, this price equaled 1.80 leva/share.
At such price orders for the purchase of 3,238,229 shares qualified thus setting the satisfaction rate at 33.96%.
A total of 32 investment brokerages took advantage of the opportunity to sweeten their offers increasing the total value of the limited orders to 7,221,362 leva.
Using the same procedure for the “cut-price”, the new price was set at 2.00 leva. At this price orders for 2,057,332 shares qualified bringing the satisfaction rate at 53.47%.
Todoroff AD traded at 2.07-2.15 leva/share today.