March 15 (SeeNews) - Bulgarian diversified group Chernomorski Holding [BUL:CHL] will seek approval from its shareholders to increase its capital to up to 30 million levs ($16.47 million/15.34 million euro) and issue bonds worth up to 100 million levs, it said on Wednesday.
Over five years, the company plans to increase its capital by issuing new common or preferred shares and intends to place one or more bond issues, including convertible bonds, Chernomorski Holding said in a bourse filing.
The proposals will be put to the vote at an extraordinary general meeting of shareholders on April 18.
Chernomorski Holding last increased its capital in November, from 9.2 million levs to some 13.2 million levs, when it issued 999,999 ordinary transferable shares of 4 levs in par value each. The company's equity capital is divided into 3,289,146 shares with a nominal value of 4 levs apiece, commercial register data show.
Shares in Chernomorski Holding last traded at 5.55 levs on the BaSE market of the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)