Trade in Alpha Credit REIT's Rights To Kick Off on April 22

The trade in rights issued as part of the capital raise operation of Alpha Credit will kick off on April 22 and will continue until April 29, data of the Bulgarian Stock Exchange (BSE) show.
The auction for the unused rights will be held on May 13, while the shares issued in the capital raise will be subscribed until May 27.
Alpha Credit plans to raise its capital from 650,000 leva (332,340 euros) to 1.3 mln leva (665,000 euros). For the purpose, the company will issue a total of 650,000 rights, each allowing the subscription of one new share with 1.16 leva (0.59) issue value.
The capital raise operation will be organized by investment intermediary Bulbrokers.
The stock of the company was last traded on April 2, 2008 at an average price of 2.02 leva (1.03 euros) per share.
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