November 23 (SeeNews) - The Financial Supervision Commission (FSC) said that it has entered the new share issue of Bulgaria's Chernomorski Holding [BUL:CHL; 5L3A] into its register, allowing the stock to be admitted for trading on the regulated market of the Bulgarian Stock Exchange.
Chernomorski Holding issued the 999,999 ordinary transferable shares of 4 levs in par value each to increase its capital to some 13.2 million levs ($7 million/6.7 million euro) from 9.2 million levs, the financial regulator said in a statement on Tuesday.
Last month, the holding's investors voted to authorise the board of directors to increase the capital of the company to up to 25 million levs by issuing ordinary or preferred shares over a period of five years, according to a filing published by Chernomorski Holding.
In August, the FSC approved the prospectus of Chernomorski Holding for the issuance of up to 1 million new shares at a price of 21 levs apiece.
According to its latest financial report, Chernomorski Holding owns 99.99% of the capital of financial investor Neftohim Invest Finance and 100% of the capital of each of petroleum products trader Dobrudzhanska Petrolna Kompania and logistics and industrial zones operator Industrial and Logistic Park - Burgas.
Shares in Chernomorski Holding last traded at 6.50 levs on the BaSE market of the Bulgarian Stock Exchange, bourse data showed.
(1 euro = 1.95583 levs)