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Announcement for contracted convertible bonds loan and First General Meeting of Bondholders

21 Oct 2011 | 15:01

With decision from 20.10.2011 the Trade Registry published announcement for bond issue of Industrial Holding Bulgaria AD under the following terms and conditions:
Total nominal value (bond issue amount) - BGN 21,713,900 (twenty one million seven hundred and thirteen thousand and nine hundred), distributed in 217 139 (two hundred and seventeen thousand hundred and thirty nine) dematerialized interest-bearing convertible freely transferable unsecured bonds of par value BGN 100 (one hundred) each;

  • Term (maturity) of the bond issue: 3 /three/ years (36 months) as of the issue date;
  • Date from which the maturity term is counted - 18.10.2011
  • Interest - 8.00 % (eight percent) on an annual basis;
  • Period of interest payment: 6 months;
  • Conversion rate: 50, which defines conversion price of BGN 2.00 (two);
  • Conversion: on the due date of the issue;
  • Payment dates: for the principal - single, on the due date; for interest payments: 18.04.2012, 18.10.2012, 18.04.2013, 18.10.2013, 18.04.2014 and 18.10.2014;
  • Bank servicing the bond issue payments – The payments are made by the Central Depositary with abidance by the requirements of Ordinance No. 8;

The First General Meeting of Bondholders
On the grounds of Art. 206, para 6 and 7 of the Trade Act, the Board of Industrial Holding Bulgaria AD summons the First General Meeting of Bondholders, possessing convertible bonds issue ISIN code BG2100018113. The General Meeting shall be held on 10.11.2011 at 10.00 a.m. in the city of Sofia, 16-20 Alabin St., Bulgarian Industrial Chamber, in the meeting room on the first floor with the following agenda:

  1. Election of representative/s of the bondholders.
  2. Fixing the remuneration of the representative/s of the bondholders.
  3. Miscellanies.

All bondholders holding bonds from the present issue convertible bonds of Industrial Holding Bulgaria AD are invited to participate in the General Meeting personally or by proxy. Right to participate and vote in the General Meeting of bondholders have the entities registered as bondholders with the Central Depository AD as at the date 3 (three) days before the Meeting. The registration of the bondholders or their representatives shall begin at 9.00 a.m. on 10.11.2011 at the venue of holding the Meeting. The bondholders shall be obliged to present an identity document, written - notarized power of attorney and certificate of current status of the bondholders who are legal entities. In the case of lack of quorum, the Meeting shall be held on 24.11.2011 at 10.00 a.m. at the same place and with the same agenda and, requirements and registration procedure.