Business Calendar For The Week October 22 – 28

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Business Calendar For The Week October 22 – 28

150,000 rights issued in the initial capital increase of Real Estate Investment Fund REIT will be offered at a closed mixed auction on the Bulgarian Stock Exchange on October 23.

Secondary trade with the rights starts October 23 and will continue through November 5. The deadline for subscription of shares from the capital increase is November 29. Rights will be traded under the code R2FINI. The company was founded by Enemona AD, which controls 70% of capital, and Ecoinvest Holding - 30%.

Trade with rights issued in the capital increase of Agricultural Land Mel Invest REIT starts Thursday (25 October). The company will increase capital from 7.027 mln leva (3.592 mln euros) to 14.054 mln leva (7.185 mln euros) via issue of 7.027 mln rights and the same number of shares with an issue value of 1.10 leva.

The rights issued in the initial capital increase of Globex Estate Fund REIT will be traded through Friday (October 26). In the next couple of years the company will invest the funds it raises in vacation apartments near Sozopol and in an office and shops building in Sofia.

The rights from the capital increase of City Development REIT will be traded between October 22 and 30. The fund has investments in two residential complexes in Sofia – Perlite on Cherni Vrah Blvd and a project in Ovcha Kupel.

At the moment the company is performing the final stages of the examination on a 4decres land plot in Gorna Banya neighborhood and a preliminary contract may be signed soon. At the end of August 2007, City Development REIT's revenues from core activity stand at 849 thousand BGN (434 thousand euros) and profit amounts to 226 thousand BGN leva, or 4.52 leva/share.

Main shareholders are Rumen Vatkov II with 65%, while TBI Dynamic and TBI Harmony have 15%. Financial Business Consultations has 5%.

Rights from the capital increase of Sparky Eltos will be traded by October 3, and of BulLand Investments REIT by November 1.

Sparky Eltos will increase capital from the current 14 mln leva (7.158 mln euros) to 16.8 mln leva (8.589 mln euros), while BulLand Investments is increasing from5.469 mln leva (2.796 mln euros) to 16.408 mln leva (8.389 mln euros).

Trace Group Hold's IPO will take place Friday, October 26 between 9.00 and 16.00h. Placed orders will be announced October 29, and payment will start October 30 and end November 2.

Trace Group Hold will offer 200,000 new shares at a 110.50 leva fixed price. The Stara Zagora-based holding expects to generate a net 22,003,170 leva (11.250 mln euros) in IPO proceeds.

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