You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Alpha Bulgaria plans warrants issue

Author Mario Tanev
Alpha Bulgaria plans warrants issue wrangler/

SOFIA (Bulgaria), February 26 (SeeNews) - Investment firm Alpha Bulgaria [BUL:VZW] said that it is planning to issue up to 194,891,400 warrants at a price of 0.002 levs ($0.0011/0.0010 euro) apiece.

Each warrant will entitle its owner to subscribe for one Alpha Bulgaria share at a price of 1 lev within a five-year period, the company said in a statement earlier this week.

The offering will be serviced by local brokerage First Financial Brokerage House.

Alpha Bulgaria shares last traded at a price of 0.805 levs on the Bulgarian Stock Exchange.

(1 euro = 1.95583 levs)