Trace Group Hold's Shares Assigned The Code TRACE

The Bulgarian Stock Exchange has received an application for registration of an issue of shares of trace Group Hold Jsc – Stara Zagora for trade on Unofficial Market of Equities, Segment A.

The issue's vale stands at 2.2 mln leva (1.124 mln euros) after the company's capital was increased from 2 mln leva, via public offering of 200,000 shares at 110.5 leva each.

The bourse code assigned to the stock is TRACE. Trade will start as soon as the Board of Directors appoints a float date.

Trace Group Hold projects 2007 revenues from core activity to amount to 124.956 mln leva (63.888 mln euros), and pre-tax profit at 8.122 mln leva (4.152 mln euros). Revenues for 2008 are estimated at 162.443 mln leva (83.055 mln euros), and profit at 20.3 mln leva (10.380 mln euros).

The holding posted revenues in the amount of 117.88 mln leva, and profit came to 5.2 mln leva.

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