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Bulgaria's FSC enters Slantse Stara Zagora Tabac cap hike issue into public co register

Author Mario Tanev
Bulgaria's FSC enters Slantse Stara Zagora Tabac cap hike issue into public co register Photo: Slantse Stara Zagora Tabac / All rights reserved.

SOFIA (Bulgaria), September 20 (SeeNews) - Bulgaria's Financial Supervision Commission (FSC) said that it has entered a subsequent issue of 1,649,999 shares in tobacco products maker Slantse Stara Zagora Tabac [BUL:3JO] into the register of public companies, allowing the company to seek its listing on the Sofia bourse.

Slantse Stara Zagora Tabac increased its capital to 2,827,859 levs ($1.6 million/1.4 million euro) from 1,177,860 levs through the issue, the regulator said in a statement on Thursday.

The company raised some 17.82 million levs through the capital hike, as it placed the shares at a price of 10.8 levs each.

Earlier this year, Slantse Stara Zagora Tabac received shareholders approval to acquire a land plot of between six and eight hectares for up to 12 million levs ($6.9 million/6.1 million euro), where it intends to build a new plant for tobacco products.

(1 euro = 1.95583 levs)

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