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Bulgarian pension insurer Toplina gets shareholder nod for cap hike

Author Mario Tanev
Bulgarian pension insurer Toplina gets shareholder nod for cap hike tanatat/Shutterstock.com

SOFIA (Bulgaria), July 16 (SeeNews) - Bulgarian pension insurance company Toplina said that its shareholders have approved the company's plans to seek to raise its capital by some 300,000 levs ($172,000/153,000 euro).

Toplina intends to offer 300 new shares at a price of 1,000 levs each - equal to their nominal value, the company said in a notice to shareholders on Monday.

Toplina currently has a registered capital of 5.495 million levs, divided into 5,495 shares, according to commercial register data.

(1 euro = 1.95583 levs)

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