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Oct 19, 2022 16:05 EEST
October 19 (SeeNews) - Bulgarian real estate investment trust (REIT) FairPlay Properties [BUL:FPP] said on Wednesday it applied for admission of 15 million new shares to trading on the Bulgarian Stock Exchange (BSE).
The shares were issued in the company’s latest capital increase process, FairPlay said in a bourse filing.
The company sought admission to trading just after Bulgaria’s Financial Supervision Commission (FSC) issued on Tuesday a decision to enter the new shares into the register of public companies.
FairPlay Properties raised at the start of October 15 million levs ($7.49 million/7.67 million euro) by placing 15 million new shares at a price of 1 levs each. As a result, the company increased its capital to 64.06 million levs from 49.05 million levs.
FairPlay Properties launched the capital increase process in September, offering up to 98.1 million ordinary shares to warrant holders.
By 1355 CEST on Wednesday, FairPlay's shares traded flat at 0.85 levs on the Bulgarian Stock Exchange.
($ = 1.0226 euro)
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