Press Digest
Press digest - year 2016
 
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 BG2100003156 as at 31.12.2015.
Source: Company information (29.01.2016)
 
On 29 January 2016 IHB filed its non-consolidated report 4Q2015 to the public, Financial Supervision Commission and BSE-Sofia.
Source: Company information (29.01.2016)
 
On March 23, 2016 in the Trade Register of the Registry Agency was registered a change of the name of Leiaarmach JSC, UI130510451, a company from the group of Industrial Holding Bulgaria PLC. The new name of the company is IHB Metal Castings JSC.
Source: Company information (28.03.2016)
 
Leyarmach AD, a subsidiary of Industrial Holding Bulgaria AD (IHB), changes its name to IHB Metal Castings AD. The change of name was entered in the Commercial Register. In 2014 the profit of IHB Metal Castings AD decreased by 15% to BGN 364 thousand, shows the last audited annual statements of the public company available in the Commercial Register . Total revenues were down by 10.7% to BGN 3.684 million from BGN 4.124 million in 2013. By decision of the general meeting of shareholders in March 2015, the capital of the foundry has been reduced from BGN 2.4 million to BGN 2.05 million by cancellation of shares of one of the major shareholders then - ZMM Sliven AD. After the reduction of share capital, shareholders in the manufacturer of castings for machinery are ZMM Bulgaria Holding AD with 99.9999% and IHB with 0.0001%.
Source: investor.bg (29.03.2016)
 
On 28 April 2016 IHB filed its non-consolidated report 1Q2016 to the public, Financial Supervision Commission and BSE-Sofia.
Source: Company information (28.04.2016)
 
Bulyard AD ceased its operations Bulyard AD, subsidiary of Industrial Holding Bulgaria, ceased its operations. The decision was taken at a general meeting of shareholders. They voted to terminate the company's operations and open liquidation proceedings. The time limit for liquidation is six months from the invitation to the creditors in the Commercial Register. Sofia-based company Bulyard AD is a shareholder with 1.19% of the capital of Bulyard Shipbuilding Industry AD - Varna. In late August Industrial Holding Bulgaria AD said it increased its participation in Bulyard Shipbuilding Industry AD to 99.98%. Realized total revenue of the Group for the first half of 2016 decreased compared to revenues for the same period in 2015 by 7% to BGN 40.53 mln. Company doubled its loss before tax from BGN 2.05 mln in the first half of 2015 to BGN 4.106 mln in the first six months of this year.
Source: investor.bg (13.10.2016)
 
Four Bulgarian pension funds invested BGN 22 million with SOFIX-based exchange-traded fund Expat Bulgaria. The investment in Expat Bulgaria ETF was made by pension funds Doverie, Allianz Bulgaria, NN and DSK Rodina. The fund's growth will allow Expat Asset Management to continue with its plan to stir the Bulgarian capital market by launching a procedure for cross-listing of the fund's units on a large foreign market. This will ensure the access of foreign investors from all over the world to the fund, which will further increase its size. Expat Asset Management is a wholly-owned subsidiary of Expat Capital, which is managing private investment accounts and three mutual funds Expat Emerging Markets Stocks, Expat Global Equities, and Expat Bonds.
Source: Capital (09.11.2016)
 
ZMM Bulgaria has increased its stake in Electric IHB to over 90% ZMM (Metal Cutting Machines Factories) - Bulgaria Holding has increased its stake in IHB Electric from 87,806% to 90,313% on November 16, 2016. The deal was for 30,401 shares of the Company at a price of BGN 6 per share. On the same day a total of 38 transactions with the shares of IHB Electric and trade to a total of 42 220 shares were concluded. ZMM Bulgaria Holding AD is a subsidiary of Industrial Holding Bulgaria. Sales for the first nine months of 2016 were about BGN 1.04 million, or a decrease by 78% compared to BGN 4,76 million for the same period of 2015. The company manufactures electric motors, hydro generators. The company produces equipment for hydropower plants. IHB Electrics loss for the first nine months of 2016 was at BGN 734 thousand compared to a loss of BGN 185 thousand for the same period of 2015. Its equity at September 30, 2016 was BGN 14.9 million. IHB Electrics shares rose by 81.82 % in the 12 months to BGN 6 per share and BGN 7.3 million market capitalization.
Source: investor.bg (23.11.2016)