April 18 (SeeNews) - Bulgarian thermal power plant (TPP) Bobov Dol [BUL:TC8A] said on Monday that the country's financial regulator approved its prospectus for admission to trading on the regulated market of an issue of 8.7 million ordinary shares at a starting price of 20 levs apiece.
The issuer will not generate proceeds from the offering, which is instead intended to broaden its investor base and provide liquidity in the trading of its shares, the company said in the prospectus.
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The shares have a par value of 1 lev each.
The financial watchdog gave its approval last week, after TPP Bobov Dol submitted the prospectus at the beginning of March.
TPP Bobov Dol, established in 2000, is a lignite-fired power plant in the region of Kyustendil, southwestern Bulgaria, with an installed capacity of 630 megawatts. In 2008, the government sold Bobov Dol TPP to local consortium Energy MK, which remains its majority owner.
(1 euro = 1.95583 levs)