EUBG capital increase successful with 52% of the offered shares subscribed

29.11.2011 Source: Eurohold Bulgaria; FFBH

Eurohold Bulgaria has successfully completed its share capital increase. The holding attracted BGN 28m. A total of 18 701 288 new shares with nominal price of BGN 1 and issue price of BGN 1.50 have been subscribed which represents 51.6% of the offered shares (the minimum for success of the issue was set at 50%). 93% of the new shares were subscribed by the majority shareholder in Eurohold - Starcom Holding and 7% by Euroins Romania (part of Euroins Insurance Group – fully owned by Eurohold. Hence the authorized capital of EUBG will be increased to BGN 127 345 000 from BGN 108 643 712 at present. The company has an approved prospectus by the FSC to list its shares on Warsaw Stock Exchange.