The Financial Supervision Commission Approved IPO Prospectus of Specialized Business Systems AD

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The Financial Supervision Commission Approved IPO Prospectus of Specialized Business Systems AD

At a meeting held today the Financial Supervision Commission approved the prospectus of Specialized Business Sysems AD for an IPO of shares issued by the company.

The emission is of 33 620 shares with a face value of 50 leva and emission value of 68 leva which will be issued as a result of the company's capital increase. Total returns from the issuance will amount to 2 286 mln leva.

The compnay's core capital currently stands at 3.319 mln leva allocated in 66 380 shares with a face value of 50 leva. After the capital increase it will reach 5 mln leva allocated in 100 000 shares.

The company's core activities are import, export, distribution and servicing of personal computers, office systems, servers, software.

The Board of directors consisists of three people: Kiril Jelyazkov, Executive Director and Chairman, and Borislav Bratanov and Chavdar Todorov – members.

Main shreholders are SBS- Specialized Business Systems AD holding 37.99% of the capital, Kiril Jelyazkov – 31.08%, Antoaneta Jelyazkova – 16.83% and Borislav Bratanov – 7.58%.

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