No Shares Subscribed Against 63% of Doverie United Holding's Rights

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No Shares Subscribed Against 63% of Doverie United Holding's Rights

A total of 8 295 357 rights, accounting for 63% of all rights issued as part of the capital raise operation of Doverie United Holding, will be auctioned on the Bulgarian Stock Exchange (BSE) on March 18, the bourse said.

The starting and the final date for the transfer of rights in Doverie United Holding were set for February 25 and March 11, respectively. The subscription of the new shares stared on February 25, while the deadline is set for April 2. First Financial Brokerage House is the investment intermediary selected to organize the capital raise.

Doverie United Holding issued a total of 13 149 848 rights, while the number of shares offered for subscription amounts to 876 657. The right to new share ratio stands at 15:1.

The capital of the company will be raised only if at least 701 325 new shares get subscribed and paid. The par and issue value of the shares is set at 1 and 12 leva, respectively.

A total of 33,806 shares in Doverie United Holding traded hands on BSE today. The stock appreciated by 0.16% to an average of 12.46 leva per share.

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