Shares must be paid no later than 15.00h on February 4 (the fifteenth day after price announcement). The IPO price was set at 3.10 leva.
The company planned to offer 3 mln new and up to 1.4 mln existing shares in order to increase capital to 15 mln leva (7.670 mln euros).
Elena Zaharieva also said “The company is now listed on BSE and investors are able to watch it closely. We hope that we will prove Herti is a stable company with a lot of potential.”
“In the future we will be using all possible sources of funding the capital market can offer,” she added.
Herti Jsc said the investment program for the 2007 – 2010 period is worth 25.895 mln leva (13.240 mln euros), 11.764 mln of which is to be invested in 2008.
The company is a manufacturer of bottle caps. It recently established subsidiaries in France and England.
33% of the capital is currently controlled by Alexander Yulianov, 8% by Elena Zaharieva, 25% by Zahari Zahariev and 34% by the Austrian Mayer Export-Import Gmbh.