A Temporary Ban Issued On Autobohemia Tender Offer

The Financial Supervision Commission issued a temporary ban on the tender offer made by Favorit Hold AD to the other shareholders in Autobohemia AD Sofia for the purchase of the rest of the company’s stock through the investment intermediary Favorit AD, Sofia.

The bid is at 5.44 leva and subject to it are the 20 498 shares of the company owned by other shareholders.

Favorit Hold which owns 1 867 770 Autobohemia shares or 98.91% of its capital is intending to delist Autobohemia from the public companies register managed by the Financial Supervision Commission.

Autobohemia reported 36 000 leva profit for 2007 first quarter which is 4 000 less than in the respective period last year.

The last transaction on BSE involving the shares of the company was made on 14 March at 3.50 leva/share. Currently no bids or asks are announced on this position.

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