PRC REIT Plans To Raise Over 5.2 Mln Leva on BSE

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PRC REIT Plans To Raise Over 5.2 Mln Leva on BSE

PRC REIT is planning to raise its capital from 65,000 leva to 5.85 mln leva (2.99 mln euros), BSE announced.

The fund will offer 65,000 rights, each of which entitling to the subscription of 8 new shares. The number of new shares the company will offer to investors is 520,000. The stock's par value and issuing price has been set at 10 leva.

Rights will be traded on BSE in the period August 11 – 26 under the stock symbol PRQA. Unused rights will be auctioned September 2.

The underwriter of the capital increase procedure is CB Bulgarian-American Credit Bank and the bank account is opened with Eurobank EFG Bulgaria.

The final date for trade on the position, as a result of which, the holder will be entitled to participation in the capital increaser is August 6.

There have been no transactions in shares in PRC REIT on BSE since its floating.

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