On 26 February 2018 ELANA Agrocredit announced the start of a new capital increase by public offering of 18 902 402 new shares with issue price of BGN 1.10 per share. According to the approved by regulator prospectus, the offering will be considered successful by subscription of minimum of 10 mln. shares.
The schedule of the secondary public offering includes first acquiring rights for shares’ subscription – trading with rights will start on 7 Match on the Bulgarian Stock Exchange, till 20 March. Each share will have one right to subscribe a new share issued.
According to the schedule, 22 March will be the deadline for new shares subscription and all shares are to be paid by 17 April 2018.
The new shares might start trading on the Sofia bourse as of 25 May.