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 preliminary schedule of the secondary public offering includes first acquiring rights for shares’ subscription – trading with rights will start on 6 Match on the Bulgarian Stock Exchange, till 19 March. Each share will have one right to subscribe a new share issued.
According to the schedule, 21 March will be the deadline for new shares subscription and all shares are to be paid by 16 April 2018.
The new shares might start trading on the Sofia bourse as of 25 May.
Latest performance of ELANA Agrocredit
Over BGN 69m. invested in financial leasing contracts and working capital loans since start of business in 2013 till end of January 2018. The company managed to grow loans to farmers in farming business year 2017/2018 by 50% as planned. 7 504.8 ha is the total size of the land plots purchased for farmers through the leasing contracts.