Bulgarian Regulator Asks Holding Center for More Info on Cap Hike Prospectus

Bulgarian Regulator Asks Holding Center for More Info on Cap Hike Prospectus

Bulgaria's financial regulator said that it has asked local Holding Center to provide additional information and documents regarding its request for approval of a capital increase prospectus. The Financial Supervision Commission did not provide further details in its statement, published on Monday. This is the second time the regulator has asked Holding Center for additional information, after it also did so in November. In October, Holding Center said it will seek to raise 18 million levs ($10.5 million/9.2 million euro) through the issuance of 600,000 shares at a price of 30 levs each. The shares, which carry a nominal value of 1 lev each, last traded on the Bulgarian Stock Exchange at a price of 30 levs. If all offered shares are subscribed for, the company will increase its capital to 759,758 levs from 159,758 levs.

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