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Press Digest
Press digest - year 2008
| he Financial Supervision Commission (FSC) has confirmed the prospectuses of Venus and BGI Group for trade on the Bulgarian Stock Exchange. Venus's issue amounts to BGN 3,062,500 and consists of shares with a BGN 1 par value. BGI Group's issue totals BGN 9 million, distributed in the same number of shares with a par value of BGN 1. Both companies trade and rent real estate. The FSC has also entered the BGN 10.3 million capital increase of Aroma to a touch above BGN 15 million. The BGN 662,000 issue of Petar Karaminchev has also been confirmed and registered. The company raised its capital to BGN 3.3 million. Source: Pari (19.05.2008) |
| The construction company Vinas JSC applied for admission to issue shares for trading on the BSE, a release of the exchange informed. The issuer demanded a registration on the Unofficial market, where it will take bourse code VN7. The issue is of 3,062,500 shares, each with a face value of BGN 1. The purpose of the company for the secondary securities trading is to ensure access to the capital of its wide range of investors, as Vinas JSC does not expect to receive income as result of the admission to trade on a regulated securities market. Source: Darik Radio (24.06.2008) |
| Mekom and Venus submitted an application for permission to trade their issues at the unofficial shares market, the Bulgarian Stock Exchange (BSE) announced. Mekom's issue is worth slightly more than BGN 56 million, distributed over the same amount of shares with par value BGN 1. The BSE code is MKX. Mekom's initial public offering finished in May 2008. Mekom's was the first extended IPO, with its term prolonged by 44 days. Of the total 10.86 million shares offered, investors have subscribed 2.6 million shares at BGN 2.20. Thus, one of the largest meat processing enterprises in Bulgaria will raise its capital from BGN 53.4 million to slightly over BGN 56 million. The accumulated funds will be used to finance the company's investment programme. Venus's issue is worth BGN 3 million, distributed over the same amount of shares with par value of BGN 1. The BSE code is VN7. The company trades in real estate. Source: Pari (24.06.2008) |
| Today the bonds of Agro Finance REIT were introduced for trade. The emission is for EUR 2.5 million, divided into 2,500 ordinary bonds with a nominal value of EUR 1,000 each. The interest is set to 7.5% per year, with a fixed 6-month period of interest payments. The term of the bond loan is 36 months, with a date of signing of the loan on March 25, 2008 and maturity on March 25, 2011. In June the third increase in capital of Agro Finance REIT was successfully completed. Shareholders exercised their rights, and those who purchased rights during their sale on the stock exchange at the public auction held on 29 May, have registered a total of 16,081,754 new shares of emission value BGN 1.20 each. The whole emission value of the registered shares worth BGN 19,298,104.80 was paid on the special account of Agro Finance REIT. As a result of the third successfully increase, the capital of the company grew from BGN 16,138 million to BGN 32,220 million, with a formed premium reserves by the issuing of shares - from BGN 17,687 million to BGN 36,985 million. Source: Darik Radio (22.07.2008) |
| Construction company Venus made its debut on the Bulgarian Stock Exchange yesterday, raising its market capitalisation by 600%. A total of 10 lots were transferred shortly after 1 pm at the price of BGN 7. The initial stock price was BGN 1. Venus specialises in real estate trade and rental. It also provides services related to maintenance and technical servicing of real estate. Venus was admitted to trade at the unofficial stock market, segment A, following a stock exchange decision of July 15, 2008. Source: Pari (23.07.2008) |
| Vinas JSC - Sofia, BSE code - VN7, the General Meeting of which was held in August 25, 2008, shall not distribute dividends for 2007. Vinas JSC - Sofia reported a profit for 2007 to the amount of BGN 25 037.34, which will be covered losses from previous years. Source: Capital market (28.08.2008) | |