Elana Agrocredit rose a little over BGN 11m in its capital increase procedure (NEUTRAL)

11.06.2024 Source: Elana Agrocredit; FFBH

Elana Agrocredit announced that its capital increase procedure has ended successfully as 10 062 208 shares (54.9% of the maximum) were subscribed and paid for. As the issue price was set at BGN 1.10/share, total proceeds exceeded BGN 11m. The company intends to use the funds to expand its credit portfolio. The last closing price of Elana Agrocredit is BGN 1.08.