All Eyes on First Investment Bank and Bianor This Week
The stock of First Investment bank and Bianor AD will be the center of attention for investors during the week 25 to 29 June.
After a successful IPO, the bank's shares will be floated on the Bulgarian Stock Exchange today. Meanwhile, 29 June (Friday) is the deadline for submitting orders for the IPO of Bianor AD.
The company will offer a total of 135,000 shares with a minimum emission value of 10 leva issued in the company's capital increase from 540,000 leva to 675,000 leva.
The general meeting of shareholders in Sofia BT and Sopharma AD are both appointed June 26 (Tuesday). Shareholders will vote proposals for dividend distribution in the amount of 0.798 leva (SofiaBT) and 0.10 Leva per share (Sopharma AD).
Investors holding paperless convertible bonds of Industrial Holding Bulgaria towards 22 June, will be able to subscribe shares from the company's capital increase by converting the bondsduring the period 25 June to 28 June.
Bonds may be converted in the proportion 1 bond per 1 share on July 2, 2007. At the moment the holding's capital stands at 21 mln leva.
Thursday, 28 June is the date of the general meeting of shareholders in Bulgarian Rose-Sevtopolis. Shareholders will discuss a proposal for capital increase from 6 032 712 leva to 12 065 424 leva, through the issuance of new shares with a face and emission value of 1 lev.
The general meeting of Bulgartabak Holding AD is also scheduled Thursday. Shareholders will vote the proposal for the purchase of a resort building from Bulgartabak BT AD Blagoevgrad.
The 4-storey building is situated in Nesssebar, its total built-up area is 430 sq.m., with a smaller (attached) 4-storey building with a total built-up area of 123 sq.m. The building also comprises a canteen with a total built-up area of 162 sq.m. and a 2500 sq.m. yard. The price is 2.507 mln leva.
Shareholders will also vote allocation of 2006 profit which is in the amount of 43.064 mln leva. Under the proposal 50% of the profit, or 21.532 mln leva will go to the Reserves Fund, and a total of 10.766 mln leva will be distributed as dividend (1.46 leva per share).
29 June is the date of the general meetings of shareholders in Euroins Insurance Company and Central Cooperative Bank. Both meetings will vote capital increase proposals.
Euroins shareholders will vote for a simulateneous increase and reduction of capital - reduction from 7 499 996 leva to 7 499 994 leva by devaluation of 2 shares, which the company has previously acquired, and a capital increase from 7 499 994 leva to 9 999 992 leva through transformation of 2 499 998 leva from 2006 profit into capital. The company will issue 2 499 998 registered, paperless shares with a face value of 1 lev.
The new shares will be allocated among investors in proportion to their interest in the capital prior to its increase. No real cash payments will be made. Investors will receive 1 new share for each 3 of the old shares.
The general meeting of Central Cooperative Bank will vote a proposal for a capital increase from 72 760 770 leva to an amount between 84 887 576 and 145 521 558 leva, through the issuance of common, paperless shares with a face value of 1 lev.
Shareholders will also authorize the Board of Directors to set the emission value per new share. The emission will be in the amount of between 12 126 797 shares and 72 760 779 shares.
Last week SOFIX added 2.85% to 1387.78 points and BG40 added 0.73% to 297.60 points.