May 28 (SeeNews) - Bulgaria's Telelink Business Services Group (TBS Group) [BSE:TBS] said that three of its major shareholders will sell up to 875,000 shares, representing 7% interest in the company, in a third tranche of offering on the Bulgarian Stock Exchange.
Lyubomir Minchev, Ivo Evgeniev and Spas Shopov sold roughly 14% interest in TBS Group in the first two tranches of the offering, held in June 2020 and September 2020.
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The 875,000 shares will be offered at a price of 13.5 levs ($8.45/6.90 euro) apiece, TBS Group said in a stock exchange filing late on Thursday.
The September 2020 offering was priced at 11.1 levs per share, while the price of the June 2020 offering was 7.6 levs per share.
As at 14:45 CET on Friday, shares in TBS Group traded 5.44% lower at 13.9 levs on the Bulgarian Stock Exchange.
Last year, Lyubomir Minchev, Ivo Evgeniev and Spas Shopov announced they are planning to offer up to 30% interest in the company on the BSE.
TBS Group was spun off from local company Telelink Bulgaria in 2019, becoming the sole owner of IT infrastructure, information security and digital transformation solutions provider Telelink Business Services and several other units of Telelink, engaged in similar activities.
(1 euro = 1.95583 levs)