At the same time Economic and Investment Bank AD has sold out its stake of 6.97% down to 4.04%, both transactions registered at the Central Depository on March 15th.
On March 13th 1.75 mln shares were transferred (2.93% of the capital) at a price of 1.50 lv. By the end of the day another package of 1.75 mln shares changed hands at 1.305 lv. (block trade).
By February 28, 2007 г. Elana Agricultural Land Fund ADSIDC owns about 153 800 dca agricultural land, the average acquisition price per decare estimated at 184.83lv, all expenses included.
By that same date 50 mln lv from the Fund’s capital of 73 have been invested in land, the total number of plots purchased nearing 20 800.
Up to the moment 30 300 shares of the Fund have been traded at an average of 1.44 lv.
* 1 decare=1000 sq. m.= 10 000 sq. f.