Momina Krepost Shareholders Vote in Favor of Capital Hike

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Momina Krepost Shareholders Vote in Favor of Capital Hike

Momina Krepost's () shareholders decided at a general meeting yesterday that the capital of the company should be raised with own funding.

As a result the capital of the company will be hiked by 1.41 million leva (721,000 euros) through the issuing of as many shares. The capital raise will be expend of the company's Reserve fund, x3news reported.

Shareholders on record with the Central Depository as at April 30 will be entitled to take part in the capital increase.

The final date for sealing deals in Momina Krepost's stock, which will allow the shareholders to take part in the capital raise is April 25.

The capital of the company amounts to 281,864 leva (144,000 euros). Shareholders will receive five new shares each free of charge, as part of the capital raise operation.

A total of 17 shares in the company traded hands to day on the Bulgarian Stock Exchange (BSE). The stock depreciated by 0.25% to 54.98 leva (28.11 euros) per share.

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