August 13 (SeeNews) - The Bulgarian Stock Exchange has admitted to trading the 7,999,525 shares of local lavender oil and cosmetics producer Lavena [BUL:4L4] issued in a recent capital increase, the bourse said.
The shares will start trading on the regulated market of the exchange on August 14, the Sofia bourse said in a statement on Friday.
Lavena increased its capital to 8.3 million levs ($4.9 million/4.2 million euro) from 319,981 levs via a bonus share issue. Existing shareholders received 25 new shares for each Lavena share they owned before the increase.
Established in 1962, Lavena owns lavender plantations and exports its products to Europe, Asia, Africa, Australia and the U.S. Bulgaria is among the world's biggest producers of lavender oil.
Lavena shares last traded on the Bulgarian Stock Exchange on July 30, when they closed at 4.1 levs.
(1 euro = 1.95583 levs)