Sirma Group Holding IPO prospectus approved by FSC and goes to BSE in September

The Financial Supervision Commission approved the prospectus for an initial public offering of Sirma Group Holding JSC. The company and manager of the issue ELANA Trading, are going to launch of the public offer in early September 2015, which due to the approved prospectus, will continue within one month.

According to the prospectus, the IPO proposes up to 18,491,858 ordinary shares, split on 16,000,000 new shares and 2,491,858 already existing ones. The offered shares are with a nominal value of 1 BGN , and is considered the IPO will be successful only if the subscribed and paid stocks are at least 8 million shares with nominal value and issue price in the range of 1.20 BGN (min) to 1.65 BGN (max) per share.

It is expected from the offering that accumulated funds will be the biggest IPO in Bulgaria since the Enemona IPO in 2007.Traded shares are from the same class: ordinary, dematerialized, registered, freely – transferable, giving equal rights to shareholders – right out loud, dividend and liquidation share, proportionate to the nominal value.

Sirma Group announced that the funds raised will be used for investments in technology and global business development of the company.

SIN code of the issue of “Sirma Group Holding” AD is BG1100032140.

Pictures of the company are available at

Sirma is one of the largest software groups in Southeast Europe, with a proven track record since 1992. The company has successfully completed hundreds of ICT projects across Europe, USA, Latin America, Asia and Africa. Among their partners and customers are multinational IT giants like Oracle, Microsoft, IBM, Hewlett Packard, Siemens, as well as public and governmental institutions. Among the champion projects of the group are the platforms for dynamic semantic publishing for the BBC’s web portals for the 2010 FIFA World Cup and the 2012 Summer Olympics in London, the Financial Times and AstraZeneca.

About ELANA Trading:
ELANA Trading JSC is one of the first Bulgarian brokers, and holds a leading position in trading on financial markets and investment banking since 1991. The company is part of the largest institution in the local non-banking financial sector – ELANA Financial Holding.
ELANA Trading has managed over 20 public offerings and more than 30 bond issues since 1998. The portfolio of its champion projects comprises the public offerings of Monbat, Enemona, Speedy and others. Since 2002, the company has been working on projects for restructuring and M&A mandated by EBRD. ELANA Trading is the exclusive partner in Bulgaria of the US brokerage Auerbach Grayson since 1998, and a longstanding partner of the European investment bank Saxo Bank. The company has been multi-awarded for “Best Bulgarian Broker of the Year” (2010, 2013 and 2014), as well as for its contribution to the capital market development, honoured by the BSE-Sofia in 2005, 2007 and 2014.

Sirma Group Holding JSC:
Stefan Kiryakov, Director M&A, Investor Relations

ELANA Traiding JSC:
Isabella Oronova, Head of Marketing & Corporate Communications

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