Devin AD will increase capital by issuing up to 3 mln new, common, paperless shares. The majority sharehloder Devin Betilingus Gmbh may decide to offer up to 450,000 more shares during the IPO.
Results will be announced the following day, payment is scheduled for 27 July.
The capital increase will be registered by Sofia City Court on August 7, and by Central Depository on August 10. New shares will be registered with the Financial Supervision Commission August 17, and a week later (24 August) with BSE Sofia.
According to international consultant Canadean, Devin AD is the leader on the domestic market of bottled water with a 30% market share. Since the beginning of the year the company is exclusive representor of Red Bull for Bulgaria, and is present on the market of fizzy drinks through the label Everdrink.
Devin AD expects to achieve profit in the amount of 6 mln leva (3.067 mln euros), and revenues in the amount of 80 mln leva (40.903 mln euros) by 2010. Two years later, the company expects profit to surge to 9.898 mln leva (5.060 mln euros), and revenues to top 100 mln leva (5.113 mln euros).
Orders for the IPO of Specialized Business Systems (SBS) will be accepted through 24 July. The three auctions for the sell-off of 900,000 shares of the capital of Lomsko Pivo Jsc will be held on 19, 20 and 23 July.
Specialized Business Systems has a core capital in the amount of 3.319 mln leva (1.697 mln euros) allocated in 66,380 shares with a face value of 50 leva. The company is planning an IPO to increase capital to 5 mln leva (2.556 mln euros) by offering 33,620 shares with a face value of 50 leva and issue value of 68 leva.
SBS expects to raise a net 2.272 mln leva (1.161 mln euros) in the IPO if all shares are subscribed. The company intends to invest a total of 1.5 mln leva (766,937 euros) in expansion of its logistics network, and 500,000 leva (255.646 euros) in enlarging its production portfolio.
The rest of the funds will be used to acquire stakes in other companies operating in the IT and office equipment field, with the aim of increasing the company's market share and competitiveness. Funds will also be allocated to the marketing and advertising departments.
450,000 shares of the capital of Lomsko Pivo Jsc will be offered on the first auction day, when the minimum amount investors can purchase is 1 lot equivalent to 10,000 shares. The minimum price is 2.12 leva and the maximum is 3 leva.
Another 450,000 shares will be offered on the second day, but this time the minimum amount for purchase will be 1 share, the minimum price will be 2.22 leva, and the maximum price will remain 3 leva.
Unsold stock from the first and second auction days (if any) will be offered on the third day. The parameters remain the same – the price will be between 2.22 leva and 3 leva, 1 lot equivalent to 1 share.