November 23 (SeeNews) - Bulgarian investment company Rodina Capital [BUL:RDNA], previously known as Rodina 91, will seek authorisation from its shareholders to increase its capital to up to 50 million levs ($48.4 million/25.56 million euro) over a period of five years, it said.
The proposal will be put to the vote at an extraordinary general meeting of shareholders on December 9, 2022, Rodina Capital said in a bourse filing on Tuesday.
The capital could be raised by issuing new shares or by converting bonds or warrants into shares. Currently, the company's equity capital is divided into 93,774 shares with a par value of 1 lev each.
Rodina Capital will also seek authorisation to issue warrants that entitle shareholders to subscribe for shares in a future capital increase. During the potential capital increase, existing shareholders will be entitled to acquire shares corresponding to their stakes in the company.
Shares in Rodina Capital last traded at 7.65 levs on the BaSE market of the Bulgarian Stock Exchange, bourse data show.
According to its latest financial report, the main activity of Rodina Capital is renting out premises after its textile manufacture operations were terminated in 2001.
(1 euro = 1.95583 levs)