Lomsko Pivo Auction Price Between 2.12 and 3 Leva/Share

Lomsko Pivo Auction Price Between 2.12 and 3 Leva/Share

Up to 20% of the capital of Lomsko Pivo Jsc will be offered at a closed mixed auction on the Bulgarian Stock Exchange. The company has already set the auction parameters.

The auction will continue for three consecutive business days. 450,000 shares will be offered on the first day. Investors must buy at least 1 lot equivalent to 10,000 shares. The minimum price is 2.12 leva and the maximum is 3 leva.

Another 450,000 shares will be offered on the second day, but this time the minimum amount for purchase will be 1 share, the minimum price will be 2.22 leva, and the maximum price will remain at 3 leva.

Unsold stock from the first and second auction days (if any) will be offered on the third day. The parameters remain the same – the price will be between 2.22 leva and 3 leva, 1 lot equivalent to 1 share.

The auction will be held in the middle of July.

Lomsko Pivo Jsc successfully entered the Romanian market in April 2007 with the trade mark Shopsko Pivo. The company has sold more than 200,000 litres of beer in Romania so far.

Lomsko Pivo exports plastic 1 litre and 2 litres bottles of beer to Romania. The first exports to Romania were realized just before the Easter holidays.

The company is a successor of the brewery founded in Lom by Checz brothers Milotin and Hozman back in 1894. Since 1997 the company operates as a joint stock company under the label Almus 1894.

The company uses classic production technologies under the supervision of the Weihenstefan Institute in Munich, Germany. Lomsko Pivo Jsc offers 11 products under the labels Almus, Shopsko Pivo and Sofia.

In 2005 the company sold a total of 75010 hectoliters of beer, 78 700 hectoliters in 2006, and 50 700 hectoliters in this year's first half. Its products have received medals from international fair “MONDE SELECTION” in Brussels, Belgium on numerous occasions.

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