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Jun 09, 2023 15:38 EEST
June 9 (SeeNews) - Bulgaria’s financial supervisor said it approved a prospectus by diversified group Republic Holding [BUL:HREP] for a capital increase through the issuance of up to 4.78 million new shares.
Republic Holding will issue the voting shares with a par value of 1 lev ($0.55/0.51 euro) each, priced at 1.02 levs apiece, the regulator said in a notice on Thursday.
The company plans to use the proceeds from the offering to finance its activities related to acquiring stakes in other companies, it said earlier.
Republic Holding's equity capital is divided into some 1.59 million shares with a nominal value of 1 lev apiece.
Shares in the company last traded at 1.96 levs on the BaSE market of the Bulgarian Stock Exchange, bourse data show.
(1 euro = 1.95583 levs)
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