The Board of Directors of Monbat AD approved a transaction
Financial
Dear Investors,
We would like to inform hereby that on 02.04.2018 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: a non-cash contribution to be made in the capital of Octalight Bulgaria EAD (100% subsidiary of Octagon International OOD), representing a contribution of receivables of the sole owner of the capital of Octagon International OOD from Octalight Bulgaria EAD at the total amount to BGN 18 080 399, acquired under a Contract for Substitution of Debt signed on 12.09.2017 concluded between MONBAT AD as a creditor, Octagon International Ltd. as a lender and Octa Light Bulgaria EAD as a debtor and with this non-monetary contribution to be respectively increased the capital of Octalight Bulgaria EAD from BGN 16 043 944 to BGN 34 124 343, and the sole owner of the capital, Octagon International Ltd. to acquire new 18 080 399 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