December 30 (SeeNews) - Bulgarian agricultural land owner Stock Plus [BUL:STKP] said that the decrease of the company's capital to some 2.89 million levs ($1.57 million/1.47 million euro) from 4.8 million levs has been entered in the commercial registry.
The volume of Stock Plus' shares listed on the Bulgarian Stock Exchange was updated on Thursday to some 2.89 million shares of 1 lev in nominal value each, as first announced in a bourse filing last week.
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In July, Stock Plus launched a tender offer for the repurchase and cancellation of some 1.92 million shares representing 40% of its registered equity. The price per share was 1.50 levs.
The capital decrease was approved by the company's shareholders in April, when they also voted in favour of the distribution of a gross dividend of 0.08816 levs per share or about half of the company's 2021 net profit of some 815,000 levs.
Last year, Stock Plus received some 3.6 million levs from the sale of lands in the region of Veliko Tarnovo for the construction of solar photovoltaic parks. As at June 2022, the company owned 62.2 ha of agricultural lands in the regions of Sofia, Plovdiv and Veliko Tarnovo.
Shares in Stock Plus last traded at 1.32 levs on the BaSE segment of the Bulgarian Stock Exchange.
(1 euro=1.95583 levs)