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SOFIA (Bulgaria), October 29 (SeeNews) - The Bulgarian Stock Exchange operator said on Tuesday that it has rejected a request by local diversified group Ekip-98 Holding [BUL:5EK] to be moved to the BSE Main Market from the BaSE Alternative Market.
The company has not met the main market's requirements for information disclosure during the 12 months preceding the request, the Sofia bourse operator said in a statement.
Earlier this year, Ekip-98 Holding raised 9 million levs ($5.1 million/4.6 million euro) by increasing its capital to 780,004 levs from 180,006 levs. The company placed 599,998 shares at a price of 15 levs apiece.
Ekip-98 Holding shares last traded on the Bulgarian Stock Exchange at a price of 16.6 levs.
(1 euro = 1.95583 levs)