Rights Of Zenith Properties REIT Change Hands In One Transaction Worth 24,000 Leva

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150,000 rights from the initial capital increase of Zenith Properties REIT were offered at a closed mixed auction on the BSE today.

The entire amount changed hands in one transaction at 0.160 leva, or 24,000 leva (12,271 euros) in total.

Rights will be traded till 20 August under the code R2ZENIT, and the deadline for subscription of shares from the capital increase is 15 September 2007.

The company is founded by Zenith Agroholding, which controls 76% of the capital and 5 physical persons who have 4.8% each. It is managed by the Board of Directors: Vladimir Moskov – chair and CEO, Georgi Menov – vice-chair, and Liuben Vitanov – member.

The fund is planning to concentrate primarily on the following market segments – residential real estate, agricultural land, office buildings, commercial and industrial real estate.

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