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The auction for unexercised rights on article 112b, paragraph 7 of the POS Act will be held on 9 October on BSE-Sofia

08 Oct 2008 | 10:14

On 9 October 2008 /Thursday/ the auction pursuant to article 112b, paragraph 7 of the Public Offering of Securities Act for sale of the rights issued in relation with convertible bonds issue of Industrial Holding Bulgaria /4IDB/ will be held. On the auction 17 055 586 rights will be offered.

In accordance to article 37, paragraph 4 of Part IV of the Rules of BSE-Sofia, the auction shall be conducted as sell orders for the whole quantity of unexercised rights are entered solely by the Exchange member handling the convertible bonds issue.  

The order  shall be conducted as sell in 1 /one/ minute time from the beginning of the phase of conducting the offers of the auction. The duration of the phase of offers entry is from 13:15 to 13:45 h. BG time.