Trade in FairPlay's New Stock To Kick Off on May 20

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Trade in FairPlay's New Stock To Kick Off on May 20

The trade in the new shares issued as part of the capital raise operation of FairPlay Properties REIT () will kick off on May 20 on the Bulgarian Stock Exchange (BSE). The board of directors of the bourse registered the issue today.

FairPlay's issue value stood at 50.7 mln leva (25.92 mln euros) prior to the capital raise. The issue will amount to 55.83 mln leva (25.54 mln euros) after the capital hike.

FairPlay completed the capital raise procedure in the beginning of March. A total of 5.13 mln shares, each with 1 and 2.25 leva par and issue value, respectively, were subscribed and paid. The figure accounted for 50.55% of the 10.14 mln shares offered for subscription.

The proceeds of the company from the capital raise operation amounted to 11.53 mln leva (5.89 mln euros).

FairPlay's stock has appreciated by 2.5% to an average of 1.64 leva per share so far today.

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