Bulgarian Engineering/Energy Group Enemona Sets Final Parameters of Warrants Issue

Warrant holders will be entitled to subscribe for 5,966,800 new ordinary shares, Enemona said in a statement issued after a board meeting held on September 29.

The issue price of one warrant is set at 0.17 levs ($0.12/0.086 euro) and the excercise price is 18.50 levs, the statement added. The exercise period is set at six years. All other conditions for the exercising of the warrants will be specified in the prospectus of the warrants issue.

Enemona announced it planned a warrants issue in June.

A warrant is a security that entitles the holder to buy stock of the company that has issued it at a specified price, which is usually higher than the stock price at the time of issue. All warrants have a specified expiry date, the last day on which the rights of a warrant can be executed.

Enemona, a component of the blue-chip SOFIX index of the bourse in Sofia, closed 3.36% lower at 11.50 levs on Thursday as 547 of its shares changed hands.

(1 euro=1.95583 Bulgarian levs)