Stock Plus Price Per Share Set At 1 Lev
The issue value of shares of Stock Plus Jsc will be equal to their face value – 1 lev, according to the prospectus summary okayed by the Financial Supervision Commission yesterday. “We intend to list the company on the BSE, and then to increase capital by 20%,” the chairman of the Board of Directors and shareholder of 33.33% of the capital told Profit.bg a short time ago.
The issue is worth 4,809,450 leva (2,459,032 euros), allocated in as many shares, it emerged yesterday.
Shares will be listed on BSE's Unofficial Market of Equities, the company's aim is to make the stock accessible to a large circle of investors. The documentation provided by Stock Plus also states that the company aims at introducing itself to the investing community in Bulgaria and defining the stock trading price of shares.
Stock Plus was founded in 2005 and its core activity is sales and purchase of real estate, all activities related to changing the statute of land plots, construction, renting and property management.
The company has not reported revenues so far, since it is still at an early stage of development.
More information on the land properties acquired in 2007 is given in the table below:
Stock Plus expects 2008 net sales to top 9 mln leva (4.601 mln euros), and to reach 20.209 mln leva (10.332 mln euros) by 2009. Costs on activity are projected at 2.797 mln leva (1.430 mln euros) next year, and 7.088 mln leva (3.624 mln euros) in 2009. Profit is seen at 4.886 mln leva (2.498 mln euros) next year, and at 11.868 mln leva (6.968 mln euros) in two years' time.
The company is the founder and a shareholder in Inovo Status, which was listed in the Macedonian Commercial register on August 21 2007. Stock Plus controls 6.500 shares with a face value of 1 euros (1.95583 leva), or 5% of the company, according to information from the papers filed with BSE.