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Sofia bourse admits to trading Slantse Stara Zagora Tabac cap hike issue

Author Mario Tanev
Sofia bourse admits to trading Slantse Stara Zagora Tabac cap hike issue Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), September 25 (SeeNews) - The Bulgarian Stock Exchange said on Wednesday that it has decided to admit to trading a subsequent issue of 1,649,999 shares in tobacco products maker Slantse Stara Zagora Tabac [BUL:3JO].

The shares will start trading on the BaSE Alternative Market on September 26, the stock exchange operator said in a notice.

Slantse Stara Zagora Tabac increased its capital to 2,827,859 levs ($1.6 million/1.4 million euro) from 1,177,860 levs through the issue. 

The company raised some 17.82 million levs through the capital hike, as it placed the shares at a price of 10.8 levs each.

Earlier this year, Slantse Stara Zagora Tabac received shareholders approval to acquire a land plot of between six and eight hectares for up to 12 million levs, where it intends to build a new plant for tobacco products.

(1 euro = 1.95583 levs)

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