TELELINK - IPO | ELANA Trading

AboutThe Company

Telelink Business Services Group AD is a comprehensive provider of IT solutions in areas, such as networks and data centres, office productivity and information security, with solid market positions in industries, such as telecom, finance, logistics, utilities, healthcare, and the public sector.

200+ clients in Bulgaria, the Western Balkans, and multinational companies
50+ partners such as Cisco, VM Ware, Microsoft, and others.

BGN 65 mln.

consolidated revenue for H1 2020

BGN 6.4 mln.

consolidated net profit for H1 2020

39%

increase of income for June 2020 compared to June 2019

129%

increase of net profit for June 2020 compared to June 2019

5.09%

dividend yield as of September 11th, 2020

Information on the offering Documents

MarketInformation

days

hours

minutes

seconds

Last Trade Price

8.80 BGN

Daily volume (BGN)

1 434

Last Trade Date

02 Oct, 10:57

how to purchaseTelelink shares

1Signing a contract

Before you can purchase Telelink shares, you must first have a contract with ELANA Trading. Choose which method is most convenient to you:

Online
In investment center ELANA

Learn more

2Transfer of funds

Transferring funds into a trading account with ELANA can be done:

Online, through a virtual POS terminal
Though a bank transfer
In investment center ELANA

Learn more

3Purchase

Choose which purchasing method is most convenient to you:

Online, through investment hub ELANA Online
In investment center ELANA
By phone

Learn more

Procedure for purchasing shares online

To purchase “Telelink Business Services Group” shares through ELANA Online:

Log in to ELANA Online with your credentials (which you will receive after having signed a contract with ELANA Trading)
Select a platform for trading on the Bulgarian Stock Exchange:
- ELANA BG Trader Mobile (for all devices and operating systems)
- ELANA BG Trader (via Internet Explorer)
Press the "NEW ORDER" button
Type "TBS" или "Telelink" in the search bar
Order type: "Limited"
Quantity – list the number of shares you would like to purchase
Validity – GTC (Good Till Cancelled)
Price – Market order
Restrictions – "no restrictions"
Select "I declare the circumstances referred here"
Press the "BUY" button

General InformationOn The Offering

Basic
Detailed

Issuer	TELELINK BUSINESS SERVICES GROUP AD
Ticker	TBS BU
ISIN code	BG1100017190
Registered capital	BGN 12 500 000
Outstanding shares	BGN 12.5 million, distributed among 12 500 000 ordinary shares
Trading volume	Up to 30% (3 750 000 shares) of the existing shares
Face value	BGN 1 per share
Minimum price per share	11.10 per share Lyubomir Minchev, in his role as the major selling shareholder, commits to not sell at a lower price than the one indicated in the paragraph above until the end of 2021. The remaining selling shareholders commit to not sell at a lower price than the one indicated in the paragraph above until the end of 2020.
Minimum market capitalization	BGN 95 000 000
Currency	BGN
Listing	Bulgarian Stock Exchange AD
Trading on the BSE starts	08.06.2020
Sale procedure	Tranche 1: June 2020 г. Schedule: 8th - 19th of June, 2020 Size: Placed 7.86% of the Companys’ share capital Share Price: BGN 7.60 per share as stipulated in Selling Procedure as of June 1st, 2020. Tranche 2: September 2020 г. Schedule: Sept. 21st – Sept. 25th (4 business days, Sept. 22nd official holiday in Bulgaria) Trading volume: The rest up to 30% of the share capital Minimum price: 8.5 x EBITDATTM – Net debt as of 30.06.2020 г., but not < BGN 7.60 per share No sales of shares by existing shareholders between preliminary announced tranches as stipulated in the Updated Selling Procedure as of Sept. 16th, 2020 and the Lock up agreement.
Manager of the offering	ELANA Trading
Selling shareholders	Existing shareholders other than senior management, as follows: Mr. Lyubomir Minchev (Founder) – up to between 23.825% and 30% of 83.7%, depending on the actual participation of Mr. Ivo Evgeniev and Mr. Spas Shopov in the offering; Mr. Ivo Evgeniev – up to 3.0875% out of 6.2% Mr. Spas Shopov – up to 3.0875% out of 6.2%, but no more than 30% altogether.
Lock up	Existing shareholders have agreed to maintain their shares in the Company as follows: Mr. Lyubomir Minchev (Founder) – at least 53.65% until 31.12.2021 and 51% until 31.12.2022 Mr. Ivo Evgeniev – at least 3.0875% until 31.12.2021 Mr. Spas Shopov – at least 3.0875% until 31.12.2021 Mr. Ivan Zhitiyanov (TBS Group’s CEO) – at least 1% until 31.12.2021 Mr. Paun Ivanov - at least 1% until 31.12.2020 Mr. Jordan Popov - at least 1% until 31.12.2020 Mr. Jordan Velchev - at least 1% until 31.12.2020 Based on Annexed Lock up Agreement as of Sept. 16th, 2020. Shareholders not to sell at price < BGN 11.10 per share by the end of 2021
Dividend policy	Minimum payout: 50% of its annual/semi-annual net profit BGN 0.496 DSP (interim and annual) 4.7% DY at current market quotes Sept. 21st, 2020 – last cum-div day
Buy–back program	Up to 3% of outstanding shares by the end of 2020 at a price range and rational as follows Min. price– BGN 7.40 per share Max. price – BGN 11.00 per share Rational: Performance Share Program to stimulate company employees and/or investment activity 7 775 number of shares bought back as of Sept. 10th, 2020.
Prospectus approval	The Bulgarian Financial Supervision Commission has approved the Prospectus with a decision #1249- PC from 28.11.2019 and its Supplements with decisions #1331 – PC from 23.12.2019 and #238 from 26.03.2020.

Key financial indicators of the group

(in BGN '000)	2016	2017	2018	2019	30.06.2020	30.06.2020 (ТТМ)*
Revenue	98 663	105 987	116 367	110 328	65,040	128,528
EBITDA	7 116	6 979	9 868	11 654	8,707	16,050
Net profit	5 247	4 676	7 664	8 152	6,405	11,760
Net financial debt	2 829	-4 520	3 427	4 162	-864	-864

Source: Combined audited annual financial statement as of 31.12.2018,
consolidated financial statements as of 31.12.2019 and 30.06.2020.

*12 trailing months up to 30.06.2020

AttachedDocuments

.pdf

Презентация Телелинк Бизнес Сървисис Груп

Presentation Telelink Business Services Group for Investors

Download

.pdf

Уведомление за планиран старт на първи транш от предлагането на акции през м. юни 2020 г. от 06.04.2020 г.

Notice of the planned start of the first tranche of the offering in June 2020 from 06.04.2020

Download

Procedure for the sale of the shares of Telelink Business Services Group:

Presentation to investors:

Additional Documents:

ELANA Trading has a 29 years of history on financial markets, offering a wide range of services and markets. Awarded Best Broker from 2010 to 2019, ELANA Trading quality service has been recognized by 24 industry awards. The broker is part of the international brokers’ network of US Auerbach Grayson & Co. since 1998 and maintains long-term partnerships with a lot of international financial institutions.

ELANA Trading is part of ELANA group - one of the largest groups in the non-banking financial sector in Bulgaria.

Contacts

Sopharma Business Towers,
Tower B, Floors 12-13,
5, Lachezar Stanchev St,
1797 Sofia, Bulgaria

Phone: +359 (2) 81 000 25
Phone: +359 (2) 81 000 26
Email: brokers@elana.net

Disclaimer: This website represents ELANA Trading with the sole purpose to provide information. The data published on the website is not provided to be used as a background for specific investment decisions. No publication of ELANA Trading should be construed as an offer (or solicitation of an offer) to U.S. persons to buy or sell financial instruments or any financial product, make any investment or participate in any particular trading strategy (collectively “Offers”). No Publication of ELANA Trading should be construed as an Offer (or solicitation of an offer) in any jurisdiction in which such Offer would be illegal. Any such perceived Offer will not be honoured by ELANA Trading.

Bank	Eurobank Bulgaria AD
BIC	BPBIBGSF
IBAN (BGN)	BG70BPBI 7942 1032 7650 04
IBAN (USD)	BG62BPBI 7940 1101 1322 04
IBAN (EUR)	BG81BPBI 7940 1401 1322 01
Bank	Raiffeisenbank Bulgaria AD
BIC	RZBBBGSF
IBAN (BGN)	BG33RZBB 9155 1060 0986 07

Public offering of a share issue of Telelink Business Services Group

AboutThe Company

BGN 65 mln.

BGN 6.4 mln.

39%

129%

5.09%

MarketInformation

Last Trade Price

Daily volume (BGN)

Last Trade Date

Volume (Daily Trading Volume)

how to purchaseTelelink shares

1Signing a contract

2Transfer of funds

3Purchase

Procedure for purchasing shares online

General InformationOn The Offering

Key financial indicators of the group

AttachedDocuments

Procedure for the sale of the shares of Telelink Business Services Group:

Presentation to investors:

Additional Documents:

Contacts

Public offering of a share issue of Telelink Business Services Group

AboutThe Company

BGN 65 mln.

BGN 6.4 mln.

39%

129%

5.09%

MarketInformation

Last Trade Price

Daily volume (BGN)

Last Trade Date

Volume (Daily Trading Volume)

how to purchaseTelelink shares

1Signing a contract

2Transfer of funds

3Purchase

Procedure for purchasing shares online

Signing a Contract

Online

In Investment Center ELANA

Transfer of Funds

Online Via a Virtual POS Terminal

Bank Transfer

At a Cash Desk

Purchase

Directly Through ELANA Online

In Investment Center ELANA

By Phone or E-mail

General InformationOn The Offering

Key financial indicators of the group

AttachedDocuments

Procedure for the sale of the shares of Telelink Business Services Group:

Presentation to investors:

Additional Documents:

Contacts