February 19 (SeeNews) - Bulgarian veterinary drugs producer Vetprom plans to increase its capital by 8 million levs ($4.6 million/4.1 million euro) through a new share issue, it said on Tuesday.
Vetprom intends to offer 8,034,549 shares for subscription to the existing shareholders at a price of 1 lev each - equal to their nominal value, Vetprom said in an invitation for a shareholders meeting.
The extraordinary shareholders meeting, during which the proposal will be put to a vote, is scheduled for March 25.
The company's registered capital currently amounts to 10.7 million levs.
In 2017, the company launched a 21.5 million levs project for expanding the capacity of its plant in the town of Radomir, in western Bulgaria.
Vetprom has 100 registered products and 44 trademarks. The company's production base in Radomir spreads on over 60,000 sq. m.
(1 euro = 1.95583 levs)