The REIT plans to hike its capital from 14.044 mln leva (7.18 mln euros) to 28.089 mln leva (14.36 mln euros) through the issuing of 14.044 mln rights traded under the R5ALOF stock symbol. Each right allows the subscription of one new share with 1.10 leva issue value.
The company will raise a total of 15.449 mln levа (7.89 mln euros), if the capital raise operation is successful. The capital will be raised only if at least 2 mln shares get subscribed and paid.
The REIT will invest the proceedings in the purchase of arable land.
A total of 50 shares in the company changed hands today at a price of 1.29 leva per share.