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Dec 21, 2017 13:14 EEST
SOFIA (Bulgaria), December 21 (SeeNews) – Bulgaria’s financial regulator said it has asked Sofia-based Opportunity Bulgaria Investment to make changes to its prospectus for a capital increase.
The company has one month to fix the discovered discrepancies, provide all missing information and submit the corrected version to the Financial Supervision Commission (FSC), the regulator said in a statement on Wednesday.
The company said last month it decided to increase its capital to 3.4 million levs ($2.0 million/1.7 million euro) from 850,000 levs. Opportunity Bulgaria Investment intends to issue 2.55 million shares with a nominal value of 1 lev each at a price of 1.35 levs per share.
The capital hike will be considered successful if at least 500,000 shares are subscribed for and fully paid for.
(1 euro=1.95583 levs)
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