February 19 (SeeNews) - Bulgarian financial leasing company Financial House Logos-TM said that it is seeking the approval of its shareholders to increase its capital to 5 million levs ($2.76 million/2.56 million euro) from 4.2 million levs by using funds from its reserve fund.
The new shares will be distributed to proportionally to existing shareholders' stakes, Financial House Logos-TM said in a commercial register filing on Monday.
Financial House Logos-TM shareholders will put the proposal to a vote at a meeting scheduled for March 30.
Last year, Financial House Logos-TM increased its capital to 4.2 million levs from 3.8 million levs, also using funds from its reserve fund.
(1 euro = 1.95583 levs)