Fibank
The financial institution's road show was launched in Bulgaria today
Sofia, 7 May 2007. Today is the first day on which investors can subscribe for shares in First Investment Bank's (FIBank) initial public offering (IPO). The subscription period will last until 18 May 2007.
The road show of FIBank's presentation team begins in Sofia today. Maya Georgieva and Evgeni Lukanov, executive directors and members of FIBank's Managing Board, Radoslav Milenkov, member of the Managing Board, Todor Breshkov, manager of First Financial Brokerage House, and Krassimir Tahchiev, head of Analyses Department at FFBH, will present FIBank to investors in Sofia, as well as in Tallinn, Helsinki, Stockholm, Vienna and London.
Complete information on FIBank's initial public offering is contained in the Bank's prospectus endorsed by the Financial Supervision Commission. The prospectus is available on FIBank's website and the website of the lead manager First Financial Brokerage House (FFBH) - www.ffbh.bg. Investors can view the document and obtain further information concerning the IPO in FIBank's or FFBH's offices.
First Investment Bank's IPO will include up to 16.5 mln. ordinary voting shares, of which 10 mln. newly issued shares and up to 6.5 mln. existing shares owned by First Financial Brokerage House. The offer price of shares will be determined following the book-building method on the basis of the quantities and prices in the investors' buy orders. All investors who have been allotted shares will acquire them at the same price.
Investors willing to acquire the offer shares must place buy orders in the offices of FIBank, FFBH or another investment intermediary. Orders and the documents enclosed thereto must contain all data indicated in the prospectus.
The offer price and number of offer shares to be subscribed and sold in the offering are expected will be publicly announced on the first working day following the subscription deadline (May 21). Investors whose orders have been approved will be duly notified of the number of allotted shares and the price. The price for the allotted shares must be paid by the end of the third working day (May 28) following the day on which the price and the total number of shares are publicly announced.
Timing
Subscription period: 7 - 18 May 2007
Pricing and Allocation Date: 18 May 2007
Offer price and Allocation announcement: 21 May 2007
Payment deadline: 21 - 28 May 2007