Sofia Commerce plans to issue up to 5m new preferred shares (12.01.2016)
Sofia Commerce – Pawn Shops AD plans to issue new preferred shares, as the last dividend of the previous preferred issue is fully paid out. This decision was taken at the last General Shareholders Meeting on 16th of February 2016, published on Investor.bg.
The decision for the new preferred shares and for the General Shareholders Meeting was taken by the Board of Directors in a meeting that took place on the 6th of January 2016.
The shareholders would have to come to agreement whether Sofia Commerce – Pawn Shops will issue up to 5m new preferred shares with nominal value of BGN 1.00 each. It is expected that the new shares would be subscribed over-the-counter through an IPO after a Prospectus is approved by the Financial Supervision Commission.
The Board of Directors of the company would decide the final details of the issue, i.e. preferred shares number offered through the public offering, minimum and maximum number of shares, issue price, start and ending dates of the offering.
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