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Doverie calls an EGM to change the company’s Articles of Association and empower MD to start a capital increase procedure for up to BGN 78.5m nominal value in the next 5 years (NEUTRAL) | |
Doverie United Holding called an EGM on 2 Nov 2023 to vote on amendments in the company’s Articles of Association. The main changes relate to empowering the Management Board (MB) to make a decision for a capital increase to a total of BGN 100m nominal value (current registered capital is BGN 21.5m). The MD would have this power for a period of up to 5 years from entering of this change in the Commercial Register. The total capital includes common shares, preferred shares, convertible bonds and warrants. The company has not announced the reasons for this change or any specific plans for capital increase. Source: Doverie United Holding; Commercial Register; FFBH |
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