The capital will be raised from 471,929 leva (241,293 euros) to 11,326,296 leva (5.791 mln euros) via issue of 10,854,367 common, paperless, registered shares with a face value of 1 lev, using company reserves.
Thus, each shareholder shall receive 23 new shares to each one already existing they hold. The hike in capital is funded using reserves, in compliance with art. 264, paragraph 4, of the Commerce Act.
The final date for transaction of the stock, as a result of which, the holder will be entitled to receiving new shares is December 20, 2007.
The stock lost 6.24% today to an average of 251.29 leva.