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Tokushev & Partners Advises Sofia Commerce Pawn Shops on Capital Increase

Tokushev & Partners Advises Sofia Commerce Pawn Shops on Capital Increase

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Tokushev & Partners has advised public listed company Sofia Commerce Pawn Shops on increasing its capital with own funds in the amount of BGN 7.12 million.

According to Tokushev & Partners, the procedure involved the "convening and holding of a general meeting, on which the decision to increase the capital was adopted" and a "subsequent reflection of the new amount of capital [with] the commercial register, Central Depository, Financial Supervision Commission, and the Bulgarian Stock Exchange."

"As of August 01, 2022, the subsequent share issue of the company, with ticker SCOM, was admitted to trading on the 'Standard' segment of the BSE Main Market, and each shareholder received three new shares for each share owned," the firm announced. 

Tokushev & Partners’ team included Partner Boris Teknedzhiev and Attorney Maria Mitkova.

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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