June 7 (SeeNews) - Bulgaria’s Financial Supervision Commission (FSC) said it approved a prospectus by local agricultural land investment trust Real Bulland [BUL:RBL] for a capital increase through the issuance of up to 6.02 million new shares.
Real Bulland will issue the ordinary, freely transferable, voting shares with a par value of 1 lev ($0.55/0.51 euro) each at a price of 1.20 levs apiece, the regulator said in a notice on Tuesday.
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The share issue has been entered into the register of public companies and other issuers of securities, the FSC added.
Real Bulland's equity capital is currently divided into some 6.02 million shares with a nominal value of 1 lev apiece.
Shares in the company last traded at 1.20 levs on the BaSE market of the Bulgarian Stock Exchange, bourse data show.
(1 euro = 1.95583 levs)