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Announcement on public offering of convertible bonds of IHB

09 Sep 2008 | 10:15

Today, 9 September 2008 the Announcement on public offering of convertible bonds of Industrila Holding Bulgaria plc was published in State Gazette Issue79/9.09.2008 and the Dnevnik Newspaper Issue from 9.09.2008.

With this the public offering of convertible bonds of Industrila Holding Bulgaria plc started.

 

ANNOUNCEMENT

 

ON PUBLIC OFFERING OF CONVERTIBLE BONDS

OF INDUSTRIAL HOLDING BULGARIA PLC, SOFIA

 

PUBLISHED ON 9 SEPTEMBER IN THE STATE GAZETTE AND THE DNEVNIK NEWSPAPER

 

Industrial Holding Bulgaria Plc, Sofia, hereby notifies investors of the inception of public offering of up to 218 780 (two hundred and eighteen thousand seven hundred and eighty) dematerialized interest-bearing convertible freely transferable unsecured bonds of nominal value of BGN 100 and issue value of BGN 100 each and of total nominal value and issue value of BGN 21 878 000 (twenty-one million eight hundred and seventy-eight thousand), having a fixed interest rate of 8% per year, a 6-month interest payment period and a 3-year maturity period and providing an option for conversion on the issue maturity date and interim conversion on the fourth interest payment date at a conversion ratio of 12 (twelve), issued on the basis of Decision of the General Meeting of Shareholders made on 30 June 2008 and Prospectus for Public Offering of Convertible Bonds of the Company confirmed by the Financial Supervision Commission (FSC) with Decision No 1127 - Е dated 28 August 2008. The following persons shall have the right to subscribe convertible bonds, and namely the persons who acquired shares within 14 (fourteen) days as of the date of the Decision on convertible bonds issue made by the General Meeting of Shareholder, i. e. 30 June 2008, and the persons who bought shares at Bulgarian Stock Exchange (BSE) - Sofia by 10 July 2008, entered into the registers of Central Depository AD (CD AD) as at 14 July 2008. On the following business day, 15 July 2008, CD AD opened right accounts in the name of these persons based on the Register of Shareholders. One right is issued for each share existing as at the end of the aforementioned period. One bond may be subscribed for 200 (two hundred) rights. Following rights issue, each person may acquire rights within their transfer/trading time limit and at the open auction, each total of 200 (two hundred) exercised rights giving the option for subscription of 1 (one) convertible bond of issue value of BGN 100 (one hundred). Each person may subscribe a number of bonds equal to the number of rights acquired and/or held by such person, multiplied by 1/200 (one/two hundred). First subscription stage: The initial date for rights transfer and bonds subscription shall be the first business day following the expiry of a period of 7 (seven) days as of the date of publication of this Notice in the State Gazette and in one national daily - the Dnevnik Newspaper. In case that the Notice is promulgated and published on different days, the initial date shall be the first business day following the expiry of a period of 7 (seven) days as of the later one of the said dates. The deadline for rights transfer shall be the first business day as of the date of expiry of a period of 14 (fourteen) days as of the initial date for rights transfer. The deadline for trading in the rights shall be the date preceding 2 (two) business days prior to the deadline for rights transfer as specified in the previous sentence. End of first subscription stage: The persons who hold rights or acquired rights upon their exchange trading may subscribe the relevant number of convertible bonds for such rights by the deadline for rights transfer. Investors should bear in mind that all rights not exercised by such deadline will be offered for sale at the official auction organized by BSE. Second subscription stage: An open auction shall be organized on the 5th (fifth) business day following the deadline for rights transfer. All rights, which are not exercised and for which no bonds are subscribed within the deadline for rights transfer, shall be offered for sale at this auction. End of second subscription stage and subscription closure: The first business day following the expiry of a period of 15 (fifteen) business days as of the deadline for rights transfer. The persons who acquire rights upon sale at the open auction may subscribe the relevant number of convertible bonds for such rights within the said period. Bonds subscription procedure and terms and conditions: The persons who hold shares with rights shall receive their rights to the accounts opened by CD AD on 15 July 2008 based on the Register of Shareholders. The rights shall be deposited in the personal accounts of the holders entered in the General Register or the client accounts at the respective investment intermediaries. CD AD shall issue no depository receipts for the rights deposited in shareholders' personal accounts. Shareholders who have personal account rights may obtain a document certifying the holding of such rights within the period starting on the date of publication of this Notice in the State Gazette and the Dnevnik Newspaper and ending not later than the date preceding 3 (three) business days prior to the deadline for trading in the rights at each of the following offices of Allianz Bank Bulgaria AD: 79 Knyaginya Mariya Louiza Blvd., Sofia; 8 Sv. Sv. Kiril i Metodii Blvd.,  Blagoevgrad; 20 Geo Milev Str., Bourgas; 10 Preslav Str., Varna; 2 Marno Pole Str., Veliko Tarnovo; 8 Bdin Str., Vidin; 20 G. S. Rakovski Str., Vratsa; 18 Vasil Aprilov Str., Gabrovo; 4A Kazenbarktsika Str., Dimitrovgrad; 10 Bulgaria Str., Dobrich; 3 Hristo Botev Str., Doupnitsa; 16 Tsanko Tserkovski Str., Pleven; 10 Gladstone Str., Plovdiv; 33 Alexandrovska Str., Rousse; 5 Mara Belcheva Str., Sevlievo; 3 Dobroudzha Str., Silistra; 121 Gen. Stoletov Str., Stara Zagora; 3 Vasil Levski Str., Troyan; 18 Hristo Botev Str., Shoumen and 1A Rakovski Str., Yambol. The persons, in whose personal accounts rights have been deposited, shall declare the rights transfer to their sub-accounts at Allianz Bank Bulgaria AD or other investment intermediary chosen by them. The holders of rights shall submit written requests to the investment intermediaries - members of CD AD, managing their right sub-accounts to subscribe convertible bonds. The total issue value of the subscribed convertible bonds shall be paid by transfer to the following escrow account opened in the name of Industrial Holding Bulgaria PLC at CB Allianz Bank Bulgaria AD:  IBAN: BG52BUIN95611900082909, BIC: BUINBGSF. The escrow account shall be certified not later than the subscription closure date (the aforementioned deadline for bonds subscription). The offices of CB Allianz Bank Bulgaria AD, to which the requests are to be submitted, are given above. The address of First Financial Brokerage House OOD is the following: Floors 4 and 5, 2 Enos Str., Sofia. The debenture loan shall be negotiated following subscription and payment of a total minimal nominal value of BGN 11 000 000 (eleven million). The Prospectus for Public Offering of Convertible Bonds of Industrial Holding Bulgaria PLC is published as at the date of publication of this Notice and investors may obtain free-of-charge copies thereof at the office of Industrial Holding Bulgaria PLC - address: 47 Vasil Levski Blvd., Sofia, website: www.bulgariaholding.com; telephone: +359 2 980 71 01, contact person: Ms. Bogomila Hristova, between 10.00 and 16:00 on each business day or at the office of First Financial Brokerage House OOD Investment Intermediary - address: Floors 4 and 5, 2 Enos Str., Sofia, telephone: +359 2 810 64 00, contact person: Ms. Elena Dimitrova, between 8:45 and 17:45 on each business day. The Prospectus and additional information about Industrial Holding Bulgaria PLC may be also obtained from the Public Register of FSC (http://www.fsc.bg/) and BSE (http://www.bse-sofia.bg/).



PROSPECT /In Bulgarian/

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