April 24 (SeeNews) - Bulgaria's Financial Supervision Commission said that it has asked financial and insurance group Eurohold Bulgaria [BUL:4EH] to provide further information and documents regarding its request for approval of a capital increase prospectus.
The regulator did not provide further details in its statement, published on Tuesday.
Earlier this week, Eurohold Bulgaria said that its shareholders have approved the company's plans to seek up to 154 million levs ($88.5 million/78.8 million euro) via a capital increase. The company will offer 79,010,240 preferred shares for subscription at a price of 1.95 levs each.
The shares do not have a voting right, but have a guaranteed dividend equal to 6% of their nominal value in the first 5 years since their issuance, 3% in the following 5 years, and 1% from the 11th year onwards.
The capital increase will be considered successful if at least 20 million shares are subscribed for and paid for.
Last week, Eurohold said that it has launched exclusive talks with CEZ for the acquisition of the Czech energy group's assets in Bulgaria.
Eurohold Bulgaria's portfolio includes companies active in financial services, leasing, insurance and car sales.
(1 euro = 1.95583 levs)