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Bulgaria's VF Alternative plans cap hike

Author Mario Tanev
Bulgaria's VF Alternative plans cap hike Author: Ken Teegardin. Licence: Creative Commons.

SOFIA (Bulgaria), December 11 (SeeNews) - Bulgarian self-managed alternative investment fund VF Alternative [BUL:2YH] said that it is seeking the approval of its shareholders to seek to raise up to 1.8 million levs ($1 million/920,000 euro) via a new share issue.

VF Alternative is planning to offer 100 shares at a price of 18,000 levs apiece, the company said in an invitation for a shareholders meeting.

The new shares carry a nominal value of 10,000 levs apiece.

If the issue is fully subscribed, the company will lift its capital by 1 million levs to 5 million levs.

VF Alternative shareholders will vote on the proposal on December 27.

(1 euro = 1.95583 levs)