New Shares Of Balkancar-Zarya And ERG Capital-3 Floated Monday

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The new shares issued in the capital increase of Balkancar Zarya AD-Pavlikeni and ERG Capital-3 REIT will be floated on the BSE Monday (September 10).

Balkancar-Zarya increased capital from 165,257 leva (84,494 euros) to 1,322,056 leva (675,956 euros) using own funds. Thus, each shareholder received 7 new shares for free.

On June 1 the General Meeting of Shareholdes approved amendments to the company's statute, according to which „capital may be increased with a decision of the Board of Directors to a nominal value of 20 mln leva.“

ERG Capital-3 REIT increased capital from 14 mln leva (7.158 mln euros) to 21 mln leva (10.737 mln euros) by issuing 700,000 new shares with a face value of 10 leva and issue value of 20 leva.

The main market of operation of ERG Capital-3 is the market of commercial real estate, i.e. The construction, renting, sale and purchase of properties in Bulgarian cities with a population of more than 250,000 citizens.

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