Investors Subscribe 2.53 Million Shares in Holding Railway Infrastructure
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The subscription of shares in the capital increase of Holding Railway Infrastructure ended June 27, the holding and the underwriter United Bulgarian Bank announced.
Investors placed orders for a total of 2,528,852 shares, passing the minimum required 2.5 mln shares. The placement price settled at 5 leva/share.
The holding raised a total of 12.64 mln leva (6.46 mln euros) through the procedure.
The company offered 5,583,411 new, common, paperless, voting shares in an IPO. Shares' par value was 1 lev.
The proportion between subscribed shares in limit and market orders is approximately 9.3%. Institutional investors made 2% of placed orders.
The holding's free-float will reach nearly 4.3%. The stock will be floated somewhere in mid-August 2008.
Payment starts July 1 and its deadline is July 3.
Holding Railway Infrastructure will use the funds to finance its investment program.
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