11/11/2021
π Yesss! Healthy food is always a winning choice.
Today Smart Organic successfully raised the maximum capital for the BEAM market of EUR 3 million!
We will be the newest member of the fast-growing family on the BEAM market of the Bulgarian Stock Exchange (BSE) after success in the initial public offering of shares, which took place on November 11. Nearly twice the total number of bids submitted by investors exceeded the number of offered shares. The company placed all 310,000 available shares at a maximum price of BGN 18.90, thus raising the maximum allowable capital for the BEAM market by nearly BGN 6 million (BGN 3 million Euro). Orders for over 550 thousand shares were submitted in the auction, of which 408 thousand shares were at the maximum possible price. As a result of the auction, bids of nearly 500 individual and institutional investors were ranked.
Smart Organic is the first company to list on the BSE growth market after participating in the BeamUp lab - a program to stimulate and encourage the growth of Bulgarian startups, small and medium companies.
About a month after the successful initial public offering, the official trading with the new issue of shares on the BSE is expected to start. During the procedure for the registration of the capital increase, investors will be able to trade a temporary issue of rights on the subscribed shares, and the trading is expected to start within a few days after the auction. The leading supply manager and consultant for the BEAM market is IP CAROL AD.
For additional information, please contact Svetozara Davidkova from Smart Organic AD on tel. 0895 539 347 or email: [email protected], or with investment intermediary Karoll on 02/4008 250 or email: broker@karoll .bg
Healthy food is always a winning choice!