Bulgaria's Premium Property Invest calls warrant holders meeting

The proposal will be put to the vote at a general meeting of warrant holders on April 5, the REIT said in a bourse filing. Warrant holders registered with the Central Depository as of March 22 will have the right to take part in the meeting.

Premium Property Invest, formerly known as Green Industry Properties, issued last July a total of 44.2 million freely transferrable warrants, each giving their owner the right to subscribe for one company share at a price of 1.10 levs ($0.61/0.56 euro) in a future capital increase within five years.

The number of unexercised warrants currently amounts to 42.465 million.

The company last raised its capital in September, to some 3 million levs from 1.3 million levs, after issuing 1.74 million shares in an exercise of warrants.

Shares in Premium Property Invest last traded at 0.99 levs on the BaSE market of the Bulgarian Stock Exchange, bourse data show.

(1 euro = 1.95583 levs)