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Teliani Valley Plans to Attract $13 Million from the Shareholders

Wine producer Teliani Valley declares about the placement of shares.

The company plans to place not more than 200 million pieces of shares with voting right, which might be purchased merely by the shareholders. Nominal value on per share is 0.065 USD, respectively the company will be able to attract 13 million USD. Offer term expires on May 20.

The shareholders of Teliani Valley are Liberty Consumer – 50,23%, BGEO Group -20.47%, Firebird Avrora Fund – 14.21%, Firebird Republics Fund – 8.82%, other – 6,27%. JSC Teliani Valley is one of the leaders of wine processing in Georgia and sells products at the local market as well as abroad. It is known, that the company builds beer factory and the funding will be used to this direction.