August 17 (SeeNews) - Bulgarian investment company HR Capital [BUL:HRC] said that it completed a new share issuance through which it increased its capital to just over 9.1 million levs ($4.7 million/4.65 million euro) from 3.04 million levs.
The capital hike, which amounted to roughly 6.08 million levs, is now logged into the Bulgarian commercial register, HR Capital said in a stock exchange filing on Tuesday.
The investment fund added it will apply the Bulgarian Stock Exchange (BSE) for admission to trading of the new stock on its SMe growth segment BEAM.
Last month, HR Capital shareholders approved the management's proposal to issue 6,075,466 new ordinary shares of 1 lev in par value each and priced at 1.00 levs apiece, with existing investors receiving two new shares for each unit currently held.
HR Capital listed on BEAM in January and has a current market value of 25.5 million levs. Its investment portfolio includes online grocer eBag, biometric security systems developer Biodit . The company also invests in three funds – Endeavor Catalyst, Eleven 2.0 which backs companies like Payhawk, Nitropack and Econic, and the new fund Eleven 3.0.
In April, the company announced it agreed to invest 150,000 euro ($152,600) in Cyprus-based logistics company QCommerce.
As at 1134 CEST on Wednesday, hares in HR Capital were trading 3.57% lower at 2.70 levs apiece.
($ = 0.9828 euro)