A total of 160 mln rights changed hands on the position today, although the company had only issued 130 mln. The reason is a broker's mistake while entering the numbers.
In June Chimimport Invest AD signed a contract with UniCredit Bulbank for 16 mln Chimimport shares at a total value of 80 mln leva. This means UniCredit Bulbank only intended to transfer 16 mln rights today.
According to art.109 “Trades, executed in result of indisputable errors of brokers made upon entry of the orders into the System, might be canceled with a decision of the Board of Directors taken at its first attendance meeting following the receipt of the application as per par.”
Chimimport Invest AD controls 76.38% of the capital of Chimimport AD according to latest BSE data.
The company is planning a capital increase from the current 130 mln leva (66.467 mln euros) to 150 mln leva (76.693 mln euros). This means the total amount the company may raise stands at some 220 mln leva (112.484 mln euros).
6.5 rights entitle to the subscription of 1 new share at an issue value of 11 leva.
The stock of Chimimport added 1.12% today to 15.38 leva at a turnover of 108,444 shares transferred.