99.97% Of Rights Of Singular REIT Change Hands At Prices Between 107 and 112 Leva

220
150,000 rights from the initial capital increase of Singular REIT were offered at a closed mixed auction on the Bulgarian Stock Exchange today. A total of 149,949 rights, or 99.97% changed hands in 12 transactions.

The minimum price today was 107 leva, and the maximum reached 113 leva per right.

Secondary trade with the rights starts on the BSE on September 17 under the code R2SING. The deadline for subscription of shares from the capital increase is 10 October 2007.

Singular REIT plans to invest primarily in the following market segments – commercial real estate, hotel properties, residential properties and agricultural land.

The company was founded by Singular Asset Management AD Varna, which controls 70% of its capital and Corporate Commercial Bank with 30% of the capital.

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