Bulgaria's Web Media Group hikes capital - regulator

The company has issued the share in order to trade on the regulated market, the Financial Supervision Commission (FSC) said in a statement published on its website over the weekend.

Earlier this year the regulator gave the green light to the media company to double its capital by 1.42 million levs ($891,000/726,000 euro) through the issue of 1,420,000 million voting shares with a par value and an issue price of 1.0 lev apiece.

Web Media Group owns several websites, including news.bg, topsport.bg, lifestyle.bg, money.bg and finance.news.bg.

(1 euro = 1.95583 Bulgarian levs)