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Industrial Holding Bulgaria Plc acquired directly 98.59% of the capital of "Bulyard Shipbuilding Industry" EAD

22 Dec 2014 | 17:56

On 22.12.2014 in the Trade Register at the Registry Agency was registered an increase in the capital of "Bulyard Shipbuilding Industry" EAD, Varna, a subsidiary of Industrial Holding Bulgaria AD. The increase was made based on decision of the General Meeting of Shareholders to increase the share capital pursuant to Art. 195 in relation to Article 194, paragraph 4 of the Commercial Code from BGN 900,000 to BGN 63,663,115, through the issuance of 62,763,115 new shares with a nominal value and issue price of BGN 1 (one)  to be acquired by "Industrial Holding Bulgaria" in return for  in-kind contribution to the capital, according to an assessment prepared in accordance with Art. 72, para. 2 of the Commercial Code - in-kind contribution from "Industrial Holding Bulgaria" to "Bulyard Shipbuilding Industry" EAD. Issue and nominal value of the shares amounts to BGN 62,763,115 (sixty-two million seven hundred sixty-three thousand one hundred and fifteen). As a result of its participation in the capital increase of "Bulyard Shipbuilding Industry" EAD, Industrial Holding Bulgaria Plc acquired directly 98.59% of the share capital.

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