„The stock will be offered in a closed mixed auction, which we are hoping to hold on July 12. The auction may also continue on the next day, we are still discussing the options“ he also said.
The company expects the Financial Supervision Commission to approve its prospectus next week, after minor corrections were added to it.
If there is a strong interest and an oversubscription of the 900,000 shares offered, Agro Invest Engineering may offer up to another 20% of the capital on the regulated market. Thus, the free-float on the position may increase to 40%.
No minimum bid has been determined yet. Based on the amount of the shared capital of Lomsko Pivo AD. The reasonable value per share according to IP BenchMark Finance AD and Bulgarian Post Bank AD is 2.23 leva. Three methods have been used in the calculation.
The profit of Lomsko Pivo for the fiscal 2006 stands at 501,000 leva (256,157 euros), and sales revenues for the period amount to 6.55 mln leva (3.349 mln euros). Based on this data the profit/revenues margin is 7.65% and ROI is at 8.2%. As of December 31, the company's assets are in the amount of 10.2 mln leva (5.215 mln euros), which makes ROA stand at 4.92%.
Agro Invest Engineering AD controls 98,06% or 4 412 677 shares of the capital.