All Rights Of Technology and Innovation Corporation Saedinenie Transferred Today

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All unused rights issued in the capital increase of Technology and Innovation Corporation Saedinenie changed hands in 26 transactions at the auction held on the Bulgarian Stock Exchange today.

The price varied between 0.054 leva and 0.15 leva per right, and the total turnover stood at 50 370.75 leva.

The company is planning a capital increase from 2 mln leva (1.022 mln euros) to 3 mln leva (1.533 mln euros). As we already informed, two of the rights entitle to the subscription of 1 new share at an issue price of 1 lev. The deadline for subscription of shares is 26 September 2007.

The company will use approximately 60% of the funds it raises to finance projects of its subsidiaries, and the rest will be invested in shares of BSE-Sofia, with the aim of enlarging the TIC Saedinenie's turnover portolio.

60 shares of the company changed hands in one transaction on the BSE today, at 2.10 leva.

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