December 17 (SeeNews) - Bulgarian agriculture company Far [BUL:5AF] said on Tuesday that it has extended the subscription deadline of its ongoing capital increase to January 30 from January 21.
Far took the decision to extend the deadline in view of the large number of holidays during the subscription period, the company said in a statement.
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Far is seeking to raise up to 7.5 million levs ($4.2 million/3.8 million euro) by offering 2.5 million shares at a price of 3 levs apiece.
The capital increase will be considered successful if at least 250,000 shares are subscribed for and paid for.
Currently, the company has a registered capital of 2.5 million levs.
Far listed on the Bulgarian Stock Exchange on July 1, without carrying out an initial public offering.
Far shares closed at a price of 3.5 levs apiece on the BSE on Monday.
(1 euro = 1.95583 levs)