December 13 (SeeNews) - Bulgarian diversified group Holding Varna [BUL:5V2] said on Thursday that it has decided to extend the deadline for subscribing for shares from its ongoing capital increase by 60 days to February 11, 2019.
Holding Varna is offering 1.25 million shares with a nominal value of 1 lev each at a price of 36 levs apiece, the company said in a bourse filing.
The capital increase will be considered successful if at least 500,000 shares are subscribed for and paid for.
If all offered shares are subscribed for and paid for, Holding Varna will increase its capital to 6.49 million levs from 5.24 million levs, raising 45 million levs ($26.7 million/23 million euro) in the process.
Holding Varna’s portfolio includes companies in the tourism, media, real estate, and financial sectors.
(1 euro=1.95583 levs)