On 22.12.2010 the Management Board of Industrial Holding Bulgaria plc, on the ground of Article 12a of the Statute, in relation with Article 196 of the Commercial Act, makes a decision, approved by the Supervisory Board to increase the registered capital of the Company as follows:
1. Makes a decision to increase the registered capital of Industrial Holding Bulgaria with up to BGN 9,713,679 from BGN 58,282,079 up to BGN 67,995,758 by means of issuance of 9,713,679 new ordinary registered dematerialized voting shares with nominal value of BGN 1 and issue value of BGN 1.03 each.
The Management of IHB PLC plans to use the funds raised with the new issue to fund the operations of the companies in the Group, including but not limited to: (1) the construction of a new river ship for the group of Dunav Tours; (2) the construction of ship with construction No 102; (3) the investment project in Dockyard Port -Bourgas AD and other subsidiaries, including new projects.
2. Appoints KBC Securities - N.V. - Bulgaria as investment intermediary for the increase of the registered capital according to Article 112b of the Public Offering of Securities Act.
The Prospect for the increase of the registered capital has to be approved by the Financial Supervision Commission.
Attached are the Minutes with the decision for the capital increase.
- Minutes of the MB /in Bulgarian/(PDF, 203KB)
- Minutes of the SB /in Bulgarian/(PDF, 194KB)