July 21 (SeeNews) - Bulgarian real estate investment trust (REIT) FairPlay Properties [BUL:FPPW] will increase its capital by 12.5 million levs ($7.5 million/6.4 million euro), it said upon the completion of the share subscription process on Wednesday.
Investors exercised 12,500,000 warrants giving them the right to subscribe for the same number of shares from the company's capital increase, FairPlay Properties REIT said in a bourse filing on Tuesday.
FairPlay Properties REIT said earlier in June that it will offer investors up to 232,017,800 ordinary shares with voting rights of 1 lev in par value each provided that the shares are subscribed by the holders of warrants. The offering will be considered successful regardless of the number of subscribed shares, the company said at the time.
According to commercial register data, the capital of FairPlay Properties amounts to some 33.1 million levs ($19.9 million/16.9 million euro) divided into 33,145,400 shares.
As at 14:20 CET on Wednesday, FairPlay Properties shares traded flat at 0.675 levs on the floor of the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)