Eurohold Bulgaria AD, Bulgaria’s largest publicly-listed energy holding in Bulgaria, owner of Electrohold Group and Solars Energy EAD, has launched a procedure to list the company’s shares on the Frankfurt Stock Exchange, following a decision by the company’s Management Board. 

The process envisages the shares being admitted to trading on the highest sub-segment of the Frankfurt Stock Exchange – Prime Standard. Currently, Eurohold‘s shares are traded on the Premium Segment of the Bulgarian Stock Exchange (BSE) as well as on the Main Market of the Warsaw Stock Exchange (WSE).  

The Frankfurt Stock Exchange, owned by Deutsche Börse AG, is one of the largest and most established stock exchanges in the world and the main securities market in Germany. Its DAX index is the benchmark stock index of the Federal Republic, tracking the performance of the 40 largest and most liquid companies in the country. Frankfurt am Main is the financial capital of Germany and one of the most important global economic centers.

The listing of Eurohold’s shares on the Frankfurt Stock Exchange is expected to significantly increase the liquidity of the shares and attract the interest of leading international institutional investors. “Our decision is driven by indications of significant interest in the company’s shares from international institutional investors, especially following the transformation of Eurohold into a wholly energy holding. The listing in Frankfurt will make the holding’s shares accessible to many more investors and will provide us with even greater opportunities for financing and business development,” commented Kiril Boshov, Chairman of Eurohold’s Management Board. “Europe is undergoing a large-scale energy transformation and electrification. Eurohold is not just part of this process, but its driving force. From this perspective, we believe that the holding’s shares will attract significant attention from major investors on the Frankfurt Stock Exchange and will be valued properly,” said Assen Christov, Chairman of the Supervisory Board of the holding.

The procedure for the admission of the company’s shares to trading on the Frankfurt Stock Exchange provides for the listing of all all 520,940,000 (five hundred and twenty million nine hundred and forty thousand) ordinary, non-preferred, registered, dematerialised, freely transferable shares of Eurohold with ISIN code BG1100114062, each carrying one vote at the General Meeting of Shareholders and with a nominal value of EUR 0.51. 

No prospectus is required for admission to trading pursuant to Regulation (EU) 2017/1129, and for this reason the Management Board of the holding approved the preparation of an exemption document in accordance with Annex IX to the Regulation, containing the key information investors need to understand the essence of the company, its securities, and the related risks. The document will be filed with the Bulgarian regulator – the Financial Supervision Commission (FSC), and made available to the public.

Applications for admission to trading on the Frankfurt Stock Exchange will also be submitted for shares issued in future capital increases of Eurohold, including, but not limited to, as a result of exercising rights under the warrants already issued by the holding (ISIN BG9200007243 and ISIN BG9200002269), in accordance with applicable German law. 

The Bulgarian and German investment intermediaries, respectively – Sustainable Business Solutions EAD and Wolfgang Steubing AG, will act as consultants and coordinators for the admission procedure of Eurohold‘s shares to the Frankfurt Stock Exchange. The necessary agreements and arrangements for the successful completion of the cross-border settlement and the commencement of trading are due to be signed shortly.