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Deal of a subsidiary of IHB in accordance with Art. 114, 3 of POSA

18 Jun 2020 | 12:14

"ODRIA Ltd.", Republic of the Marshall Islands, which company is solely owned by "KLVK" AD, a 100% subsidiary of "Industrial Holding Bulgaria" PLC, in order to secure its obligations under previously concluded contracts, has established a first priority maritime mortgage in benefit of Industrial Holding Bulgaria PLC and a second priority maritime mortgage in benefit of KLVK AD on its tangible asset - motor vessel (m/v) DIAMOND SKY, flying under IMO № 9468138, registered in the port of Valletta, Malta.

The subsidiary company has got a permission for the establishment of the mortgages form the Managing Board of Industrial Holding Bulgaria PLC in accordance with the requirements of Art. 114, 3 and Art. 114a, 3 of the Public Offering of Securities Act. The Financial Supervision Commission is informed in accordance with the requirements of Art. 114a, 3 of POSA.

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