Investors will only be able to submit limited offers, valid for the day of the submission and will not be able to submit market offers.
The time interval for submitting bids is between 13.00 and 14.00h.
Offers submitted may not be withdrawn or changed except for increasing the bid. The minimum bid is 180 leva and the volume offered on the first auction day is 40 000 shares.
Clients of the electronic trading system COBOS will not be able to submit bids via the system.
The system will order the bids by price and those equivalent in price will be ordered by time.
Each day between 14.00 and 15.00 the seller will list asks accepting all bids over a certain satisfying price.
After 15.00h reports on the results of the auction will be prepared and after 16.00 h BSE-Sofia will publish the parameters for the public offering for the next day’s auction.
Bulgarian River Shipping AD – Rousse is appointing a General Meeting of Shareholders May 21 at which the proposal for capital increase will be voted.
The proposal is for a capital increase from the current 1.158 mln leva to 28.959 mln leva through the issuance of 27.8 mln new shares of a face value of 1.00 leva on the account of the company’s own expense. Thus each shareholder shall receive 24 free shares.
Bulgarian River Shipping reported a profit of 1.33 mln leva for the first quarter of the year in comparison to 296 000 leva for the previous year.
35 shares of the company were traded today at levels between 193 and 206 leva per share.