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Sep 11, 2023 11:52 EEST
September 11 (SeeNews) - Bulgarian software and IT services group Bianor Holding [BUL:BNR] said on Monday that the Bulgarian Stock Exchange (BSE) has admitted the company's shares to trading on the standard equities segment of the main market.
The move is part of Bianor's strategy to boost investor interest from investors and improve the liquidity of its shares, the company said in a stock exchange filing.
The decision to transfer Bianor's shares to the main market from the alternative BaSE market segment as of September 11 was taken by the BSE's management board last week.
"Earlier this year, we completed a successful capital increase. The next steps of this plan are to carry out a stock split, which will be subject to a vote at an extraordinary general meeting of shareholders scheduled for September 18, and to hire a market maker from the start of 2024," Bianor chief operating offices Spartak Kabakchiev said.
Last month, Bianor said it will ask its equity owners to approve a 5.73 million levs ($3.14 million/2.9 million euro) capital increase via the issuance of new shares to existing investors.
The company also plans to hold an online investor day on September 19.
Shares in Bianor closed flat at 19.70 levs in their latest trading session on Friday.
(1 euro = 1.95583 levs)
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