The Free Float of FEEI REIT At 15.4% Already

The majority shareholder of FEEI REIT announced it has successfully completed the sale of 50,000 shares of the company.

Thus the company’s freely traded shares increased 7% to 15.4%.

On 22 June the shareholders will decide how to distribute the company’s 2006 financial result. The proposal envisages 90% of the 2006 profit amounting to 130,000 leva to be distributed as dividends (0.18 leva/share gross; 0.1674 leva/share net).

According to the company’s strategy between 10 and 15 million securization of its receivables will be made in 2007.

FEEI REIT has so far bought receivables worth almost 6 mln leva from energy efficiency municipal and industrial projects.

A total of 19,611 shares were transacted in the early trade today at 2.60 leva/share.

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