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Bulgaria's Capital Management REIT extends cap hike subscription deadline

Author Mario Tanev
Bulgaria's Capital Management REIT extends cap hike subscription deadline tanatat/Shutterstock.com

SOFIA (Bulgaria), September 19 (SeeNews) - Bulgaria's Capital Management REIT [BUL:5CQ] said that it has extended the deadline for subscribing for shares from its ongoing capital increase by 58 days to November 15.

Capital Management REIT is offering 380,000 shares for subscription at a price of 58.5 levs apiece, the company said in a statement on Wednesday.

If the issue is fully subscribed, Capital Management REIT will raise 22.23 million levs ($12.77 million/11.37 million euro).

The capital increase will be considered successful if at least 190,000 shares are subscribed for and paid for.

Capital Management REIT shares last traded on the Bulgarian Stock Exchange at a price of 63 levs.

The real estate investment trust currently has a registered capital of some 1.378 million levs.

(1 euro = 1.95583 levs)

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