All Shares From First Investment Bank IPO Paid

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City Bank – Sofia has received all payments due for the allocated shares in the First Invesment Bank IPO within the period set by the prospectus which was the three business between May 26 – May 28, BSE announced.

A total of 107 mln leva were received for the allocated 10 mln new shares from the bank's capital increase and another 69.55 mln leva for the allocated existing shares sold by First Investment Btokerage House Ltd.

A copy of the deposit slips has been attached by City Bank – Sofia.

The emission will soon be floated on the BSE under the code FIB.

Trade with the shares of First Investment Bank is expected to start June 22, 2007 according to the bank's prospectus.

The IPO took place in May and the price per share was set at 10.70 leva. Oversubscription of shares was 5.97 times.

The total value of the stock offered is 176.55 mln leva and the offers received are worth 1 317 898 070 leva.

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