The fund will issue 18 mln rights, each of which will entitle to the subscription of 1 new share at an issuing price of 1.10 leva. The company will raise some 19.8 mln leva (10 mln euros) if all shares are subscribed.
Rights will be traded between July 9 – July 18 and the deadline for subscription of the shares is August 13.
Investment intermediary Bulbrokers will be responsible for the capital increase procedure, the bank account will be opened with CB Raiffeissen Bank (Bulgaria).
Main shareholders in Agroenergy REIT are Venture Equity Bulgaria and Alfa Index Properties with 65% and 30% of the capital. The company plans to buy some 125,000 decares of land between July and December this year at an average of 335 leva/decare.