Kaolin Order Execution Price At 13.50 Leva

Kaolin Order Execution Price At 13.50 Leva

The issue value of execution of the orders from the book-building for participation in the initial public offering of Kaolin AD is 13.50 leva, BSE-Sofia announced.

4.58 mln shares were distributed raising 61.84 mln leva.

The total value of the ordered shares was over 200 mln leva, Bulbank, the leading manager of the issue, and Kaolin said in a statement.

The purchased shares must be paid between 23 and 25 April 2007. Floatation is expected either on or around 28 May 2007.

Kaolin AD offered 5 mln new shares in the form of capital increase, while up to 1 mln of its existing shares are expected to be offered to the majority shareholder Alfa Finance Holding AD within the IPO.

Currently Kaolin’s registered capital is distributed in 20,419,380 shares. After the planned capital increase at least 20% of it will be traded (free float) by investors.

After the successful IPO, Kaolin AD intends to maintain a consistent dividend policy, allocating at least 20% of its net profit as dividends.

Kaolin is the biggest maker of industrial materials in Southeast Europe. Its main products are high quality quartz sands, kaolin, limestone and other industrial materials, as well as a series of added value products based on the materials mentioned above.

Facebook Коментари

Добави коментар

Екипът на Profit.bg Ви благодари, че използвате кирилица за вашите коментари.
В случай, че коментарът Ви съдържа нецензурни квалификации и лични нападки или обиди на расова, сексуална, етническа или верска основа, той ще бъде изтрит от модератора на сайта.

Абонирайте се за електронния
информационен бюлетин на Profit.bg

На фокус

Concepto - подходящата врата за всеки стил на обзавеждане у дома

Дървените интериорни врати Hörmann залагат на висококачествени...