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Offering results – 2020

Transparency and accountability in corporate management

NOTIFICATION

for results of initial public offering of shares of the capital increase of Alterco AD

hereby, "Alterco" AD, UIC 201047670, registered office, address of management and address for correspondence: Sofia 1407, 103 Cherni Vrah Blvd. ("The Company) , represented by Dimitar Dimitrov – Executive Director, informs the investors for the results of the procedure for public offering of shares from the increase of the capital of the Company (the "Offer"), which was carried out in accordance with and under the conditions specified in the Prospectus for initial public offering of shares of ALTERCO AD, confirmed by Decision No. 148-E of 18.02.2020 of the Financial Supervision Commission and subsequent additions thereto, confirmed by Decisions of the Financial Supervision Commission No. 405-E of 11.06.2020, No. 601-E of 13.08.2020 and No. 791-E of 29.10.2020 (the "Prospectus").

  • Offer Term and Closing Date: The deadline for submitting applications for subscription of new shares of the Company's capital increase within the Offer began at 9:00 am on 8.10.2020 and ended at 17:30 on 30.10.2020 d., within the term on the accumulation account of the Company the issue value of all new shares of the increase in the capital of the Company has been paid.

  • Total subscribed shares of the capital increase of the Company as a result of the Offer: as a result of the Offer subscribed and the issue value was paid on 2 999 999 (two million nine hundred and ninety-nine thousand nine hundred and ninety-nine) new shares of the Company's capital increase, of which 15.19% is subscribed by institutional and 84.81% by private investors. In view of this, the Company's capital increase and the Offer are deemed to have been successfully completed.

  • Offering Funds Raised: As a result of the Offering and subscription of new shares of the capital increase of the Company, an amount of 8 999 997 (eight million nine hundred and ninety-nine thousand nine hundred and ninety-seven) levs.

  • The amount of commissions and other Offering costs: the total costs of the Company in connection with the Offer amount to 423 852 BGN. The said amount shall include costs for remuneration of the authorized investment intermediary – Investment Intermediary "Karol" AD, legal consulting, consultancy fees in connection with the offering, translation services, other administrative fees and expenses, including costs for registration of the increase of the capital of the Company, subject to the Offer, in the Commercial Register and the register of non-profit legal entities at the Registry Agency, in the Central Depository AD, as well as for admission of the shares of the capital of the Company to trading on the Bulgarian Stock Exchange AD.

  • The company and the authorized investment intermediary – IP "Karol" AD have not encountered difficulties, disputes and the like when trading the rights and subscribing to the shares. After the date of publication of the Supplement to the Prospectus, confirmed by Decision No. 791-E of 29.10.2020 of the Financial Supervision Commission, for the period from 30.10.2020 to 03.11.2020 inclusive, the investment intermediary has not received requests from investors to withdraw requests for subscription of shares pursuant to Art. 23 (2) of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market and repealing Directive 2003/71/EC (OJ, L 168/12 of 30 June 2017)

Notification – results of a public offering

Announcement – results from IPO Allterco JSCo

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