March 16 (SeeNews) - Bulgarian real estate investment trust (REIT) Balkan and Sea Properties [BUL:BSP] said that it has decided to extend the share subscription deadline of its ongoing capital increase by 58 days, to May 12.
The company seeks to increase its capital from some 6.93 million ($3.74 million/3.54 million euro) levs to 8.23 million levs by offering up to 1.3 million new shares at 21.50 levs apiece, it said in a bourse filing on Wednesday.
Last month, Balkan and Sea Properties said that its capital increase would be considered successful if at least 800,000 shares are subscribed and paid for.
Shares in Balkan and Sea Properties last traded at 22.00 levs on the Bulgarian Stock Exchange, bourse data show.
(1 euro = 1.95583 levs)