The trade in rights issued as part of the initial capital raise of Ulpina REIT will kick off on Wednesday. The rights will be traded until July 23, the Bulgarian Stock Exchange (BSE) said.

The REIT has issued a total of 150,000 rights and offers as many new shares for subscription.

The par and the issue value of the shares is set at 1 leva apiece.

The rights will be traded under the UPYA bourse code. The issued capital of the company stands at 500,000 leva prior to the increase.

Investment intermediary BenchMark Finance will organize the capital raise.

The subscription of the new shares will continue from July 9 to August 14, the BSE said.