Mekom's capital increase subscription will continue for 44 more days, the underwriter United Bulgarian Bank said this afternoon. The IPO had been scheduled to end today.

The reason for the extension is that the Board of Directors of the Silistra-based company thinks that with the current negative trend on the stock markets worldwide and in Bulgaria, a good company such as Mekom Jsc may not receive an adequate evaluation.

The Financial Supervision Commission has been notified of the decision to extend the IPO with 44 days.

Mekom Jsc is offering up to 10,682,800 new shares at a minimum issuing price of 2.2 leva.