SOFIA (Bulgaria), June 28 (SeeNews) – Bulgaria’s Primorsko club [BUL:P0C], a wholly-owned subsidiary of local resort operator Albena [BUL:6AB], said on Wednesday it has increased its capital to 6 million levs ($3.5 million/3.1 million euro) from 2 million levs, following a new share issue.
All 4 million shares with a nominal and sale price of 1 lev apiece were subscribed for and fully paid for, Primorsko club said in a bourse filing.
Bulgaria’s First Financial Brokerage House acted as an investment intermediary in charge of the capital increase.
Resort operator Primorsko Club posted a non-consolidated net loss of 559,000 levs in the first quarter of 2017, compared to a net loss of 501,000 levs in the like period of 2016.
(1 euro = 1.95583 levs)