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SOFIA (Bulgaria), September 3 (SeeNews) - Bulgarian agriculture company Far [BUL:5AF] said on Tuesday that it is seeking the approval of its shareholders to seek to double its registered capital to 5 million levs ($2.8 million/2.6 million euro) via a new share issue.
Far intends to offer 2.5 million shares at a price of between 2 levs and 4 levs apiece, the company said in a bourse filing.
The capital increase will be considered successful if at least 250,000 shares are subscribed for and paid for.
The company's shareholders will vote on the proposal at a meeting scheduled for September 9.
Far listed on the Bulgarian Stock Exchange on July 1, without carrying out an initial public offering.
Far shares closed at a price of 4 levs apiece on the BSE on Monday.
(1 euro = 1.95583 levs)