Industrial Holding Bulgaria Increases Capital To 43.757 Mln Leva
Industrial Holding Bulgaria has appointed a general meeting of shareholders 29 August to vote a proposal for capital increase from the current 26.254 mln leva (13.423 mln euros) to 43.757 mln leva (22.372 mln euros), BSE reports. Capital will be increased by issuing up to 17.503 mln common, paperless, voting shares with a face value of 1 lev and emission value of 2.40 leva.
The final date for transacting the shares of the company as a result of which the holder will be entitled to receive shares from the capital increase is 14 days after the date of the approval of the capital increase decision.
Shareholders will receive one right to each share they own. Three rights will entitle to the subscription of 2 new shares at the issue value of 2.40 leva each. The number of shares each shareholder can subscribe is equal to the number of acquired/subscribed shares by him multiplied by 2/3.
Capital increase will be successful if at least 15 mln shares with a face value of 1 lev and emission value of 2.40 leva are subscribed and paid. The capital will be increased by an amount equal to the value of the subscribed shares.
The general meeting of shareholders will appoint investment intermediary First Financial Brokerage House to carry out the capital increase.
The final date for transacting the shares of the company as a result of which the holder will be entitled to vote at the forthcoming GM is 13 August 2007.
A total of 3532 lots changed hands in 31 transactions today, generating some 32 556.56 leva (16.645 euros) on the position.