December 3 (SeeNews) - Bulgarian real estate developer FairPlay International has increased its shareholding in real estate investment trust (REIT) FairPlay Properties [BUL:FPP] from 5.04% to 11.66%, FairPlay Properties REIT said.
FairPlay International acquired 3,400,000 shares in FairPlay Properties by exercising the same number of warrants during the REIT's capital increase in last month, the REIT said in a bourse filing on Thursday.
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Following the deal, FairPlay International holds 5,718,830 shares in FairPlay Properties REIT, according to data published on the REIT's website.
As at 10:50 CET on Friday, shares in FairPlay Properties REIT traded flat at 0.69 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)