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Bulgaria's Premier Fund REIT extends cap hike subscription deadline

Author Mario Tanev
Bulgaria's Premier Fund REIT extends cap hike subscription deadline Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

SOFIA (Bulgaria), November 12 (SeeNews) - Bulgaria's Premier Fund REIT [BUL:4PR] said on Tuesday that it has extended the subscription deadline of its ongoing capital increase by 59 days to January 10, 2020.

Premier Fund REIT is offering 1.15 million shares for subscription at a price of 10.5 levs ($5.92/5.37 euro) each, the company said in a statement.

If fully subscribed, the company will raise 12.1 million levs.

Premier Fund REIT's registered capital currently amounts to 650,000 levs.

The capital increase will be considered successful if at least 700,000 shares are subscribed for and paid for.

Premier Fund REIT shares last traded on the Bulgarian Stock Exchange at a price of 2.02 levs apiece. 

(1 euro = 1.95583 levs)

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