Slancho Jsc To Debut on BSE June 4

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Slancho Jsc To Debut on BSE June 4

At its meeting today the Board of Directors of the Bulgarian Stock Exchange decided to register an issue of shares in Svishtov-based Slancho Jsc on June 4, 2008.

The stock symbol assigned to the issue is SLR. Its value stands at 1.6 mln leva, shares have a par value of 1 lev. According to the company's prospectus shares will be floated at a price of 1 lev apiece.

Slancho Jsc's shareholders adopted the decision to list the company on the Bulgarian Stock Exchange at a general meeting held October 26. “Our plans are to file an SPO for the purpose,” Viktor Mikhailov, chair of the Board of Directors told Profit.bg.

“The aim of the SPO is to gain experience on the capital market and to be given a market value before we proceed to more serious funds raising activities,” he added. The company's investments will be directed to development and launching of new baby food products.

Slancho Jsc specializes a manufacturer of baby and diet foods of the cereal type, the company operates on the home as well as foreign markets.

Emil Dankov is CEO and Desislava Alexandrova is investor relations director.

Main shareholders are RM Resort Complex Buhovo, controlling 75.85% of the capital and Viktor Mikhailov with 19.7%. Nivia Trading on the other hand is the sole owner of RM Resort Complex Buhovo.

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