header image

Loading

Converting of the convertible bonds ISIN code BG2100024087, BSE-Sofia code 4IDC

28 Sep 2011 | 12:27

DECISION
for increase of the capital of Industrial Holding Bulgaria PLC by converting of the convertible bonds ISIN code BG2100024087, according to Prospect for public offering of convertible bonds, approved with Decision №1127-Е/28.08.2008 of FSC

On a board meeting held on 28.09.2011, The Management Board with the approval of the Supervisory Board of Industrial Holding Bulgaria Plc, took a decision on the grounds of Article 195 of the Commercial Act to increase the capital of the Company by converting into shares the convertible bonds ISIN код BG2100024087, according to Prospect for public offering of convertible bonds, approved with Decision №1127-Е/28.08.2008 of FSC as follows:

  1. With the purpose of insuring the rights of the owners of convertible bonds to convert the bonds into ordinary shares, the capital of the Company shall be increased on the grounds of Article 195 of the Commercial Act with up to BGN 2 626 530 /two million six hundred twenty-six thousand five hundred thirty/ by the issue of up to 2 626 530 /two million six hundred twenty-six thousand five hundred thirty/ ordinary registered dematerialized shares with voting rights. The capital increase shall be made by conversion of up to 216 496 /two hundred and sixteen thousand four hundred ninety six/ dematerialized interest-bearing convertible freely transferable and unsecured bonds with nominal value and issue value BGN 100 /hundred/ each into up to 2 626 530 /two million six hundred twenty-six thousand five hundred thirty/ ordinary registered dematerialized shares with voting rights, with nominal value BGN 1 /one/ and issue value BGN 8.2425 /eight point two thousand twenty-five/.
  2. Determine the following order, terms and conditions for the conversion of the bonds into shares:
    2.1. The conversion of the bonds shall be executed on the date of the fourth interest payment, namely on 29.10.2011.
    2.2. The conversion shall be executed in the following ratio: 1 /one/ share for 12.132 /twelve point hundred thirty-two/ shares or conversion price of one share BGN 8.2425 /eight point two thousand twenty-five/.
    2.3. Shares of the forthcoming capital increase of the Company may subscribe the bondholders of the Company as at 11.10.2011.
    2.4. The term for applying for subscribing shares for converting bonds is from 1.00 p.m. on 12.10.2011 till 5.00 p.m. on 14.10.2011.
    2.5. The subscription of shares for converting bonds shall be executed by applying of an explicit written application by the authorized persons at the address of the investment intermediary – Allianz Bank Bulgaria, Sofia, 79, Knjaginja Maria Luiza blvd.
    2.6. In cases when the application is made by a proxy the latter shall legitimate by an explicit written proxy signed by the authorizer before notary public.
    2.7. Simultaneously with applying the application for subscription of shares the bondholders apply before the investment intermediary an order for blocking of their bonds for converting.
  3. Untill 24.10.2011 the Management Board shall state:
  • The names of the bondholders declared their wish to convert and what part of the bonds they possess (all or only part of them);
  • The exact number of the capital increase by converting of the convertible bonds into shares.
Back