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Bulgaria's Holding Center to auction remaining cap hike rights on March 21

Author Mario Tanev
Bulgaria's Holding Center to auction remaining cap hike rights on March 21 Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), March 20 (SeeNews) - The Bulgarian Stock Exchange said on Wednesday that the remaining 122,601 subscription rights for Holding Center's [BUL:6C8] ongoing capital increase will be auctioned on March 21.

The time frame for entering orders is from 13:15 until 13:45 local time, the BSE said in a statement.

Each right gives its holder the option to subscribe for 3.76 new shares.

A total of 37,157 rights have been exercised so far, corresponding to some 139,550 shares.

Holding Center is offering a total of 600,000 shares for subscription at a price of 30 levs each ($17.4/15.3 euro).

If all offered shares are subscribed for, the company will increase its capital to 759,758 levs from 159,758 levs.

(1 euro = 1.95583 levs)

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