Sopharma Trading calls an EGM to empower BoD to start a capital increase procedure for up to BGN 315.7m nominal value in the next 5 years (NEUTRAL)

24.02.2021 Source: Commercial Register; Sopharma Trading; FFBH

Sopharma Trading called an EGM on 2 April 2021 to vote on amendments in the company’s Articles of Association. The main changes relate to empowering the Board of Directors to make a decision for a capital increase to a total of BGN 350m nominal value (current registered capital is BGN 34.3m). The BoD would have this power for a period of up to 5 years from entering of this change in the Commercial Register. The total capital includes common shares, preferred shares, convertible bonds and warrants. The company has not announced the reasons for this change.