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Bulgarian regulator delists Prime Property from public firms register

Feb 21, 2024, 1:12:34 PMArticle by Mihaela Miteva
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February 21 (SeeNews) - Bulgaria's Financial Supervision Commission (FSC) said it is removing local real estate investment trust (REIT) Prime Property BG [BUL:PPBG] from the register of public companies.

Bulgarian regulator delists Prime Property from public firms register
Photo: Pixabay

The regulator is delisting the REIT's 35.7 million ordinary voting shares of 1 lev ($0.55/0.51 euro) in par value each, the FSC said in a decision published on Tuesday.

Prime Property's shareholders unanimously voted to delist the company from the FSC's register at an extraordinary general meeting held on October 3.

Last month, the FSC said it revoked Prime Property's special investment purpose licence at the company's request.

Shares in Prime Property last traded at 0.68 levs on the BaSE market of the Bulgarian Stock Exchange, bourse data show.

(1 euro = 1.95583 levs)

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