The Board of Directors Approved a Transaction
Financial
Dear Investors,
We would like to inform hereby that on 04.01.2018 the Board of Directors of Monbat AD approved a transaction under of Art. 114, para. 3 of the Law on Public Offering of Securities, namely: non-cash contribution of receivables of Octagon International Ltd. from Octalight Bulgaria EAD in the total amount of BGN 11 443 944 (of which BGN 8 434 601 – principal under a loan agreement and BGN 3 009 343 – interest), acquired under a cession contract dated 12.09.2017 concluded between MONBAT AD as a cedant and Octalight Bulgaria EAD as a debtor and with this non-cash contribution to be respectively increased the capital of Octalight Bulgaria EAD from BGN 4 600 000 to BGN 16 043 944, and the sole owner of the capital, Octagon International Ltd. to acquire new 11 443 944 registered shares with the right to vote, the right to a dividend and the right to a liquidation stake with a nominal value of BGN 1.00 and an issue value equal to the nominal value from the capital of Octalight Bulgaria EAD.
contact for investors
Daniela Peeva
Investor Relations Director
tel. +359 2 988 2413
e-mail: investorrelations@monbat.com
contact for media
Vanya Babanin, PhD
Director Marketing & Communications
tel. +359 888 244 178
e-mail: media@monbat.com