August 1 (SeeNews) - Bulgarian lavender oil and cosmetics producer Lavena [BUL:4L4] said on Wednesday that it has completed the process of increasing its capital to 8.3 million levs ($5.0 million/4.2 million euro).
Before the increase, Lavena had a registered capital of 319,981 levs.
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The capital hike was entered into the commercial register on July 31, Lavena said in a bourse filing.
In June, Lavena said it will increase its capital via a bonus share issue, in accordance to which existing shareholders will receive 25 new shares for each Lavena share they own.
Lavena, established in 1962, owns lavender plantations and exports its products to Europe, Asia, Africa, Australia and the U.S.
Bulgaria is among the world's biggest producers of lavender oil.
Lavena shares last traded on the Bulgarian Stock Exchange on July 30, when they closed at 4.1 levs.
(1 euro = 1.95583 levs)