June 24 (SeeNews) - Bulgarian real estate investment company Real Bulland [BUL:RBL] said on Monday that it will seek to raise 5 million levs ($2.9 million/2.6 million euro) through a capital increase via a new share issue.
Real Bulland will offer for subscription 5 million shares at a price of 1 lev each, equal to their nominal value, the company said in a bourse filing.
The capital increase will be considered successful if at least 1 million shares are subscribed for and paid for.
Real Bulland's registered capital currently amounts to 2.5 million levs.
Real Bulland shares last traded on the Bulgarian Stock Exchange at a price of 1.02 levs apiece.
(1 euro = 1.95583 levs)