Trade in Agro Finance REIT's Rights To Kick Off on May 7

Trade in Agro Finance REIT's Rights To Kick Off on May 7

The trade in rights issued as part of the capital raise operation of Agro Finance REIT () will kick off on May 7 on the Bulgarian Stock Exchange (BSE). The rights will be traded until May 20, x3news reported.

The rights will be transferred in the period May 7 to 22, while the unused rights will be auctioned off on May 29. The subscription of shares issued in the capital increase will continue until June 13.

Agro Finance plans to double its capital through the issuing of 16.14 mln new shares. The issued capital of the REIT amounts to 16.14 mln leva. The company has issued as many rights, while the new shares and the rights were issued at a ratio of 1/1. The capital raise will be considered a success if at least one new share with 1 and 1.2 leva par and issue value, respectively, gets subscribed and paid.

The rights will be traded under the R4AGROF stock symbol, while TBI Invest is the investment intermediary in the capital raise.

Shareholders on record as at May 7 will be entitled to take part in the capital increase. The final date for sealing deals in the stock of the company, which will enable the shareholders to participate in the capital raise, is set for April 29.

Agro Finance's stock was last traded on BSE on April 18. A total of 10 shares changed hands on the day at an average price of 1.48 leva apiece.

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