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Bulgaria's Claremont gets shareholders nod for cap hike

Dec 4, 2019, 4:40:18 PMArticle by Mario Tanev
share
December 4 (SeeNews) - Bulgarian flour milling company Claremont said that its shareholders have approved the company's plans to increase its capital by 1.5 million levs ($853,000/767,000 euro) to some 6.77 million levs via a new share issue.

Bulgaria's Claremont gets shareholders nod for cap hike
Author: Ken Teegardin. Licence: Creative Commons.

Claremont intends to offer the shares for subscription only to existing shareholders, the company said in a commercial register filing last week.

There is no minimum success threshold.

Claremont operates a flour mill in the village of Kameno, near the city of Burgas. The construction of the mill was partially financed with EU funds.

(1 euro = 1.95583 levs)

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