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

|

On 4 December 2020 "KARVUNA Ltd.", Republic of the Marshall Islands, which company is solely owned by "Privat engenering" EAD, a 100% subsidiary of "Industrial Holding Bulgaria" PLC, in order to secure obligations of IHB Shipping Co. EAD or related local and foreign companies operating with ships, under a Framework Agreement signed with Allianz ban Bulgaria AD for granting a credit line, has established a first priority maritime mortgage in benefit of the bank on its tangible asset - motor vessel (m/v) KARVUNA, flying under IMO № 9468619, registered in the port of Valletta, Malta.
The subsidiary company has got a permission for the establishment of the mortgage 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 on 21.10.2020 in accordance with the requirements of Art. 114a, 3 of POSA.