The Remaining 14,630 Rights Of City Development REIT Change Hands In 2 Transactions

The remaining 14,630 rights of City Development REIT were sold in a closed mixed auction on the BSE today at prices between 2.5 – 3 leva.

A total of 515,723 leva (263,684 euros) was generated from the sale of all 170,000 rights. Each right entitles to the subscription of 1 new share at a face and issue value of 10 leva.

Secondary trade will continue through October 30 under the code R2CITY. The deadline for subscription of new shares is November 23, 2007.

20 shares have changed hands so far on the position at 5 leva. Bids are at 3 leva and asks at 5 leva.

Main shareholders are Rumen Vatkov II controlling 65%, and TBI Dynamic and TBI Harmony with 15% each. Financial Business Consultations has 5%.

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