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

Board member grows stake in Bulgaria's Gradus

Author Mario Tanev
Board member grows stake in Bulgaria's Gradus Author: Gradus / All rights reserved.

SOFIA (Bulgaria), December 13 (SeeNews) - Bulgaria's Gradus [BUL:GR6] said on Friday that Ivan Angelov - a member of the company's board of directors - has acquired 714,642 shares in the poultry producer at a weighted average price per share of 1.67 levs ($0.95/0.85 euro).

Ivan Angelov acquired the shares through two deals on the Bulgarian Stock Exchange on December 12, the company said in a bourse filing.

The shares are equal to 0.29% interest in Gradus.

At the end of September, Ivan Angelov was the company's third largest shareholder with a 20.36% stake.

Gradus shares closed Thursday's trading session on the Bulgarian Stock Exchange flat at 1.67 levs.

In June 2018, Gradus raised 81.4 million levs in a two-day initial public offering (IPO) on the BSE, making it the biggest IPO on the exchange since 2007. Investors subscribed for 45.2 million Gradus shares, or 81% of the total number of offered shares, at a price of 1.8 levs apiece, but the company has struggled to reach that share price since then.

(1 euro = 1.95583 levs)

Compare