Press Digest
Press digest - year 2013
 
Former Director General of Metro Bulgaria Emilian Abadzhiev is the new executive director of the Industrial Holding Bulgaria. He is to replace Georgi Momchilov, which is released as an executive director and member of board of director at his own request. In that way the holding will be represented by both CEO Daneta Jeleva and Emilian Abadzhiev, jointly and seperately. Emilian Abadzhiev will take over functions from George Momchilov and will be responsible for engineering business in the Industrial Holding Bulgaria.
Source: Company information (10.01.2013)
 
With a decision 20130117130929 of the Trade Register changes in the Managing Board of Industrial Holding Bulgaria is registered: Georgi Yanchev Momtchilov by his own request, resigned from his position as a member of the Managing Board, and Chief Executive and representative of the Company and he is replaced by Emiliyan Emilov Abadgiev . The company is represented jointly and severally by *Daneta Angelova Zheleva, Chief Executive Officer and *Emiliyan Emilov Abadgiev, Chief Executive.
Source: Company information (22.01.2013)
 
Bulgarian electrical machines maker Elprom Zem, part of local industrial group Industrial Holding Bulgaria plans to launch a four-year buyback programme, targeting up to 10% of its own capital. The decision will be put to the vote at a shareholders meeting scheduled for February 22. The company will aim to repurchase 3.0% of its capital per year at a minimum price of BGN 1.8 and a maximum price of BGN 5.0 per share. At present Elprom Zem has 1 212 705 shares, each with a nominal of BGN 1.
Source: Capital (11.02.2013)
 
On 8.02.2013 . Industrial Holding Bulgaria PLC has stopped the payment of the sums for the unexercised rights in relation with the capital increase of the Company in 2007 because of the running of the statute of the limitation period of the obligation for payment of these sums on 04.02.2013.
Source: Company information (13.02.2013)
 
In February 2013 Industrial Holding Bulgaria PLC has bought back 20,780 own shares at the average price of BGN 0.741 per share. The total number of own shares the Company possesses as at 28 February 2013 is 120,088 shares at the average price of BGN 0.736 per share.
Source: Company information (01.03.2013)
 
In March 2013 Industrial Holding Bulgaria PLC has bought back 22,000 own shares at the average price of BGN 0.752 per share. The total number of own shares the Company possesses as at 31 March 2013 is 142,088 shares at the average price of BGN 0.738 per share.
Source: Company information (02.04.2013)
 
01 Apr 2013 | 14:54 On 1 April 2013 IHB filed its non-consolidated Annual Report 2012 to the public Financial Supervision Commission and BSE-Sofia. Annual Report non-consolidated 2012 _/In Bulgarian/
Source: Company information (02.04.2013)
 
The Management Board of Industrial Holding Bulgaria PLC informs about the results of the closure of the initial public offering of convertible bonds of Industrial Holding Bulgaria PLC, on the base of a Prospect for public offering, approved with a decision of FSC 138-/20.02.2013 as follows: The public offering of convertible bonds of Industrial Holding Bulgaria PLC closed successfully with the following results: Closing date of the public offering 17.04.2013. Total number issued rights 67,978,543. Total number of convertible bonds offered for subscription - 300,000. Number of subscribed and paid convertible bonds 299,998. Amount received from the subscribed and paid convertible bonds in the special account in Allianz Bank Bulgaria AD BGN 29,999,800.00; Expenses in relation with the public offering commissions, remuneration and other expenses, including the fees paid to the FSC BGN 135,753. The issuer and the investment intermediary for the offering did not meet any difficulties, there were no disputes and other of the kind during the trading of rights and subscription of shares.
Source: Company information (23.04.2013)
 
Machstroy enters into liquidation After several years of attempts for survival the ex-Troyan based produces of lathes Machstroy finally ceased operations and entered into liquidation. The procedure should end in a term of six months. The ex-executive director of the company is responsible for the taks, as he is apointed as a liquidator. The company is part of the group of Industrial Holding Bulgaria. Machstroys majority owner with a 80.8% stake is ZMM Bulgaria holding. For 2012 the company reported revenues to the amount of BGN 4.5 million, as opposed to a loss to the amount of BGN 4.4 million. Thus, decision for liquidation is logical.
Source: Capital (31.05.2013)
 
On 25 June 2013 the General Meeting of Shareholders of Industrial Holding Bulgaria PLC was held under the Agenda, announced in the Trade Register on 20.05.2013. By virtue of article 115c, paragraph 2 of the Public Offering of Securities Act, we would like to inform that on p. 4 of the Agenda, The General Meeting of the Shareholders adopts a decision for allocation of the earnings of the Company for 2012 amounting to BGN 5,914,331.81 as follows: 10% to be allocated to the Reserve Fund; The rest to remain as retained earnings of the Company.
Source: Company information (26.06.2013)
 
In June 2013 Industrial Holding Bulgaria PLC has not carried out transactions in relation with the decision for share buyback. The total number of own shares the Company possesses as at 30 June 2013 is 493 306 shares at the average price of BGN 0.733 per share.
Source: Company information (01.07.2013)
 
Bulgarias Elprom ZEM changes name to IHB Electric Bulgarian electrical machines manufacturer Elprom ZEM [BUL:55E], part of local industrial group Industrial Holding Bulgaria changed its name to IHB Electric, the parent company said on Wednesday. The change of the company's name was entered in the Registry Agency's trade register on July 22, Industrial Holding Bulgaria said in a press release.
Source: profit.bg (25.07.2013)
 
On 30 July 2013 IHB filed its non-consolidated report 2Q2013 to the public, Financial Supervision Commission and BSE-Sofia.
Source: Company information (01.08.2013)
 
In July 2013 Industrial Holding Bulgaria PLC has not carried out transactions in relation with the decision for share buyback. The total number of own shares the Company possesses as at 31 July 2013 is 498 266 shares at the average price of BGN 0.733 per share. In the first six months of 2013 Industrial Holding Bulgaria PLC has carried out transactions in relation with the decision for share buyback as follows: In January 2013 Industrial Holding Bulgaria PLC has bought back 99,308 own shares at the average price of BGN 0.735 per share. In February 2013 Industrial Holding Bulgaria PLC has bought back 20,780 own shares at the average price of BGN 0.741 per share. In March 2013 Industrial Holding Bulgaria PLC has bought back 22,000 own shares at the average price of BGN 0.752 per share. In April 2013 Industrial Holding Bulgaria PLC has bought back 56,178 own shares at the average price of BGN 0.716 per share. In May 2013 Industrial Holding Bulgaria PLC has bought back 300 000 own shares at the average price of BGN 0.733 per share. In June 2013 Industrial Holding Bulgaria PLC has not carried out transactions in relation with the decision for share buyback.
Source: Company information (02.08.2013)
 
Spanish bathroom furnishings producer Roca appointed the head of its Bulgarian and Romanian units, Sergio Castro, as executive director of its Croatian unit Inker dd, and regional manager, Roca Bulgaria said on Wednesday.
Source: Other (29.08.2013)
 
IHB filed with the Financial Supervision Commission, BSE-Sofia and the public its Report for compliance with the conditions of the bonds loan issue corporate convertible bonds ISIN BG2100006134 as at 30.06.2013.
Source: Company information (29.08.2013)
 
In August 2013 Industrial Holding Bulgaria PLC has not carried out transactions in relation with the decision for share buyback. The total number of own shares the Company possesses as at 31 August 2013 is 498 266 shares at the average price of BGN 0.733 per share.
Source: Company information (10.09.2013)
 
On 18 October 2013 the first interest payment of the issue convertible bonds issued by Industrial Holding Bulgaria PLC, ISIN code: BG2100006134 and BSE code: 4ID will be made. The right on interest payment will be entitled to all bondholders registered with the Central Depository as of 15.10.2013 (Record Date). The interest rate is 6.5 % annually.
Source: Company information (18.10.2013)
 
Bulgaria Producer Prices Decline on Annual Basis Bulgaria's industrial producer prices marked a negligible decline in September over the previous month, but fell tangibly on an annual basis, official data shows. The overall producer price index fell 4.2% year-on-year, with prices in the manufacturing sector dropping 3.5%, data released by the National Statistical Institute showed on Wednesday. The sharpest fall more than 10.4% - was registered in the mining and quarrying sector. In the domestic market, producer prices decreased 3.5 percent annually and 0.2 percent from the previous month.
Source: Standart (31.10.2013)
 
In October 2013 Industrial Holding Bulgaria PLC has bought back 182 255 own shares at the average price of BGN 0.864 per share. The total number of own shares the Company possesses as at 31 October 2013 is 680 521 shares at the average price of BGN 0.776 per share.
Source: Company information (31.10.2013)
 
In addition to the notice published on 31.10.2013 regarding shares bought back by Industrial Holding Bulgaria PLC in October 2013, the Company discloses information on the weighted average price of all possessed as at 31 October 2013 680 521 shares - BGN 0.767 per share.
Source: Company information (05.11.2013)