BenchMark Finance and Post Bank are the investment intermediaries. The stock will be offered at a closed mixed auction on the Bulgarian Stock Exchange on three consecutive business days.
450,000 shares will be offered on the first auction day. Investors may subscribe a minimum of 1 lot equivalent to 10,000 shares. The minimum bid is 2,12 leva and the maximum is 3 leva.
Another 450,000 shares will be offered on the second day when investors must buy a minimum of 1 share. The minimum price increases to 2.22 leva and the maximum remains 3 leva.
Unsold shares from day one and two (if any) will be offered on day three. Price limits are tha same (between 2.22 and 3 leva) and 1 lot will again be equivalent to 1 share.
It is expected that the auction for the sell-off of 20% of the capital of Lomsko Pivo will be held in mid-July.
Lomsko Pivo Jsc successfully entered the Romanian market in April 2007 with the trade mark Shopsko Pivo. The company has sold more than 200,000 litres of beer in Romania since then.
The company is a successor of the brewery founded in Lom by Checz brothers Milotin and Hozman back in 1894. Since 1997 Lomsko Pivo operates as a joint stock company under the label Almus 1894. It uses classic production technologies under the supervision of the Weihenstefan Institute in Munich, Germany. Lomsko Pivo Jsc offers 11 products under the labels Almus, Shopsko Pivo and Sofia.
In 2005 the company sold a total of 75010 hectoliters of beer, 78 700 hectoliters in 2006, and 50 700 hectoliters in this year's first half.