The final data from today’s bookbuilding for the sale of a total of 1.1 mln shares of Todorov AD shows the cut price is 2.00 leva and the acceptance rate is 53.46%.
The secondary public offering was oversubscribed 4.45 times, BenchMark Finance, the listing’s investment broker, announced.
Withing the secondary public offering (bookbuilding) one of Todorov’s main shareholders - BenchMark Group AD - offered 800,000 shares or 24.00% of the capital, while BG Immobilien, owned by Ivan Todorov offered another 300,000 shares or 8.82% of the capital.
Todorov AD posted a 76.000 leva profit in 2006 compared to a profit of 215.000 leva the previous year. Net revenues reached 2.001 leva last year against 1.402 mln leva in the end of 2005.
The share capital of the company is in the amount of 3.4 mln leva.
Upon the subscription expiry, 37.05% of Todorov AD’s capital is expected to be freely traded on BSE-Sofia.
Todorov AD’s stock is expected to start trading tomorrow (18 April) under BSE code TODOROF.