Devin AD Listed In The Public Register Today
At its meeting today, the Financial Supervision Commission filed Devin AD into the public register. The FSC also registered for trade on the regulated market the company's emission of shares.
The emission is in the amount of 17 891 306 leva allocated in the same number of ordinary shares with a face value of 1 lev each.
Devin filed an IPO on 25 July 2007, in which 3 mln new shares and 225,000 already existing shares were transferred (9.147 mln euros) after the majority shareholder decided to offer half of the 450,000 existing shares).
The shares were subscribed at the price of 6.10 leva. The total amount of funds Devin raised in the IPO is estimated at 18 300 000 leva (9.356 mln euros).
The company will invest nearly 10 mln leva in technological renovation and improvement of production capacities. Devin aims at boosting production from 26,000 mln bottles/hour to 40,000 bottles/hour.