Bulgaria's VF Alternative plans cap hike

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)