1.373 million rights (9.78% of all) issued by Mel Invest Agricultural land REIT changed hands in 20 transactions today. The turnover on the position amounted to 137,000 leva. Today was the deadline for trade with the rights.

A total of 3.299 million rights changed hands in 52 transactions worth 348,613 leva.

Unused rights will be auctioned on April 18 and the deadline for subscription of shares issued in the capital increase is May 10.

The fund is planning a capital hike from 14.044 mln to 28.089 mln leva (14.36 mln euros) via issue of 14.044 mln rights, each of which entitling to the subscription of 1 new share at an issuing price of 1.10 leva.

If the capital increase procedures are successful, the company will raise some 15.449 mln leva (7.89 mln euros).

The capital will only be increased if at least 2 million shares are subscribed and paid.

Mel Invest REIT will ude the funds to purchase agricultural land. There were no transactions involving the company's shares today on BSE. Bids and asks are at 1.17 and 1.29 leva respectively.