Secondary trade with the rights will start the same day and will continue through 20 August (Monday). The fund is planning to incrase capital by the regulated 30% minimum to 650,000 leva (332,339 euros) by issuing 150,000 rights entitling to the subscription of 1 new share with a face and issue value of 1 lev.
The rights will be traded on the secondary market under the code R2ZENIT. The deadline for subscription of shares from the capital increase is 25 September 2007.
The emission's underwriter is IP First Financial Brokerage House. The bank account will be opened with CB Economic and Investment Bank AD.
Zenith Properties REIT was founded by Zenith Agroholding AD, which controls 76% of its capital and 5 physical persons who own 4.8% each. The fund is managed by the Board of Directors which includes: Vladimir Moskov - chairman and CEO, Georgy Menov – vice-chairman, and Liuben Vitanov – member.
The fund is planning to concentrate its activity primarily on the following market segments – residential properties, agricultural land, office and commercial buildings, and industrial properties.