September 4 (SeeNews) - Bulgaria's Financial Supervision Commission said that it has entered into the commercial register a subsequent issue of 23,500 shares in diversified group Favorit Hold [BUL:6A9], allowing the company to seek its listing on the Bulgarian Stock Exchange.
Favorit Hold increased its capital to 2.38 million levs ($1.37 million/1.22 million euro) through the new share issue, the financial regulator said in a statement on Tuesday.
The company completed the capital increase last month. The shares were placed at a price of 1 lev apiece.
Only the company's investor relations officer and members of its board of directors and supervisory board had the right to subscribe for shares from the issue, documents published previously by the company showed.
Favorit Hold shares last traded on the Bulgarian Stock Exchange at a price of 1.5 levs apiece.
(1 euro = 1.95583 levs)