Sila Holding Successfully Completes Capital Raise

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Sila Holding Successfully Completes Capital Raise

The public offering of shares issued as part of the capital raise operation of Sila Holding AD () was completed successfully on May 13, the Bulgarian Stock Exchange (BSE) said.

A total of 1,999,492 newly-issued shares of the company with 1 lev issue value each were subscribed and paid. The company raised a total of 1,999,492 leva (1.02 mln euros) from the offering.

Sila Holding will hike its capital from 91,000 leva (46,500 euros) to 2.09 mln leva (1.07 mln euros).

The rights and the shares were issued at a ratio of 1/22. At least 1,001,000 shares had to be subscribed and paid in order for the capital raise operation to be considered a success.

Sila Holding's stock was last traded on the BSE on April 30 at an average price of 2 leva per share.

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