The Owner Of Olymp Park Hotel & SPA To Be Listed On BSE

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Maxi-I Jsc, owner of Sofia's Olymp Hotel and SPA, is planning a listing on the Bulgarian Stock Exchange.

The proposal will be voted by shareholders at a general meeting scheduled for the year's last day – December 31, a corporate message published in the State Gazette reveals.

Maxi-I Jsc did not wish to comment on a possible stock exchange listing and did not disclose any details about the parameters of the future public offering of shares.

Shareholders will also vote a proposal to change the type of company shares to common, registered, paperless voting shares. The face value of shares is also subject to changes.

The GM agenda also includes authorization of the Board of Directors to increase capital to up to 70 mln leva (35.790 mln euros) via capital increase and issue of shares in compliance with POSA. The authorization will be in power for a term of 5 years after its adoption date.

The company's capital is controlled by Evgenia Toteva (50%) and Nikolay Iliev (50%), according to APIS. The current capital stands at 9,699,050 leva (4.960 mln euros), allocated in 193,981 shares with a face value of 50 leva.

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