After negotiations, First Financial Brokerage House and Bianor AD have agreed on setting the price per 1 allocated (subscribed/paid) share in Bianor's IPO at 10.25 leva, BSE reports.

This is the issue value per one of the shares from the company's capital increase allocated in the IPO. We remind you that the minimum issue price was 10 leva.

135,000 shares are allocated in the IPO and their total value stands at 1 383 750 leva (707,500 euros), which is soon to be paid. Shares have been allocated to 107 persons.

The IPO costs currently stand at 39 293.09 leva (20,090 euros), which includes the15,000 leva plus 1.5% of shares total value, or 20 756.25 leva, paid to First Financial Brokerage House.

The fee of the Financial Supervision Commission for the issuance and approval of the prospectus is in the amount of 1,750 leva.

The IPO is a result of the company's capital increase from 540,000 leva (276,097 euros) to 675,000 leva (345,122 euros).

Bianor AD's core activity is the development of software solutions. 90% of the company's revenues over the past three years have been generated by software development, mainly for foreign clients.

Bianor AD's consolidated revenues in first quarter stand at 753,000 leva (385,002 euros), or 49% more compared to the respective period in 2007. The company's 1 Q profit is in the amount of 166,000 leva (84,874 euros), or 31% up from a year ago.