If all rights are subscribed, the company will increase capital from 700,000 to 1.225 mln leva via issue of 525,000 shares with a face value of 1 lev and issuing price of 9.31 leva.
The capital will only be raised if at least 200,000 new shares are subscribed. If all shares are placed, FIA will raise a total of 4.89 mln leva.
The company is seeking funds to support its investment plans and to finance the new projects scheduled for 2008 – 2009. Among these are construction of a technopark in the village of Hajidimovo with a total area of 48,000 square meters and of a vacation village with a total area of 72,000 square meters.
The company will also be working on a project for construction of an office building in Sofia's Mladost area on an area of 900 square meters and total built-up area of 3,300 square meters.