Herti Jsc's IPO Price Set At 3.10 Leva

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Herti Jsc's IPO Price Set At 3.10 Leva

The procedure of submitting orders for subscription of shares issued in the capital increase of Herti Jsc ended January 25.

The price was determined at 3.10 leva via book-building. At its meeting today (January 28) the board of directors approved the price.

The company offered 3 mln new shares with a face value of 1 lev and issuing price 3.10 leva. The company said that not all shares have been subscribed, but the capital increase is rendered successful.

“After we achieve public status, the investment community will be able to receive up-to-date information on the current market and financial condition of the company, as well as accurate prognoses on our long-term plans, “ CEO Zahari Zahariev said.

Subscribed shares have to be paid no later than 15 days after the announcement of the determined issuing price, ie February 4.

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