November 3 (SeeNews) - Bulgaria’s Financial Supervision Commission (FSC) said it approved a prospectus by local metal packaging manufacturer Bulmetal for a capital increase through the issuance of up to 1.13 million new shares.
The ordinary, freely transferable voting shares with a par value of 1 lev each will be issued at a price of 8.85 levs ($4.82/4.52 euro) apiece, the financial regulator said in a statement on Thursday.
Bulmetal's equity capital is currently divided into some 6.23 million shares with a nominal value of 1 lev apiece, commercial register data show.
Bulmetal, founded in 2012, is a manufacturer of metal packaging for the food and chemical industries, supplying its products to several large European producers, according to its website.
(1 euro = 1.95583 levs)