New Emka Shares Floated Friday
The new shares from the capital increase of Emka AD Sevlievo (
)will be floated for trade on the BSE on Friday, August 17.
The company increased capital from 1 792 148 leva (916,310 euros) to 5 376 444 leva (2 748 932 euros) with own funds, by transforming 2006 profit and part of the reserves into capital, and issuing 3 584 296 new, registered, paperless, voting shares with a face value of 1 lev.
The company's H1 profit dipped to 1.648 mln leva (842,609 euros), against 2.089 mln leva (1.068 mln euros) a year ago.
Emka AD's core activity is the production of power cables, cords, enamelled copper round wires etc. KEMP AD controls 38.73% of the capital, Industrial Capital Holding and Biser Ivanov have 33.42% and 7.28%, respectively.
540 shares have changed hands so far today on the BSE at prices between 16.00 and 16.50 leva.