Doverie United Holding capital increase rights to start trading on August 3 (NEUTRAL)

21.07.2021 Source: Doverie United Holding; FFBH

On July 20 Doverie United Holding published announcement for start of its BGN 11.6m capital raise. Since the issue manager also published the announcement the same day, the period for trading of the capital increase rights would be August 3-11 with auction for the unused rights on August 17. Please, recall that Doverie United Holding will issue up to 2 763 901 new shares at BGN 4.2 per share 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 Doverie’s liquidity position and pay back a bank loan.