The certificate will be presented by Lachezar Borisov, deputy minister of economy and energetics. Enemona receives the certificate, because of the investments it plans to make in the energy project “Lomski Lignites”.
Orders for subscription of shares in the company's IPO will be received next Monday (November 26). The company intends to increase capital from 9.934 mln leva (5.080 mln euros) to 11.934 mln leva (6.101 mln euros) via offering of 2 mln shares with a face value of 1 lev.
The IPO price per share will be between 11 and 16.80 leva, and the subscription method will be book-building.
The net IPO proceeds are estimated at 32.8 mln leva (16.770 mln euros) in case shares are subscribed at the maximum price. In this case, the company's market value will reach 200.484 mln leva (102.505 mln euros).
Payment starts November 28 and lasts five days. It is expected that shares will be floated January 8, 2008.