The secondary trade in the rights will continue until April 2 under the R2BULRP stock symbol. The deadline for the subscription of shares, issued as part of the capital raise of the company, is set for April 29.
The capital raise operation will be organized by Dealing Financial Company investment intermediary.
The REIT plans to raise its capital from 500,000 to 650,000 leva.
Bulgari Reserve Properties's founders include Republica Holding (30%), Kram Complex Group (30%) and Momentum Bulgaria (35%) .
The board of directors of the company includes Plamen Kralev and Rossen Mihaylov, who are also co-chairmen, as well as Krassimira Marinova and Petar Dimitrov, who will act as executive directors.
The company's investments plans for 2008 include the acquisition of a land plot in Sofia where a building, combing residential, office and commercial space, will be constructed and subsequently sold or rented out.