Doverie raised BGN 11.6m in its capital increase procedure (POSITIVE)
30.08.2021
Source: Doverie United Holding; FFBH
Doverie United Holding announced that it managed to raise BGN 11.6m through its capital increase procedure. Investors subscribed and paid for 2 763 756 shares of the total 2 763 901 offered (at issue price of BGN 4.2) or 99.99% of the planned offering. Note, that during the rights trading period and the following auction 100% of the rights were bought. With the capital raise procedure Doverie aimed to strengthen the capital of its wholly-owned subsidiary – Doverie-Invest EAD, through which the holding controls 77.73% of BC Moldindconbank S.A. The raised funds would also be used to improve group’s liquidity position and partial repayment of a bank loan.