Bulgaria's Real Bulland to sell unexercised rights for cap hike

Real Bulland will offer some 3.79 million rights, BSE said in a notice. Orders can be placed between 1315 and 1345 local time on November 27, the notice added.

Earlier this month, Real Bulland launched a capital hike process, offering 6.02 million new voting shares at 1.20 levs ($0.67/0.61 euro) apiece. Each right held corresponds to one new share in the company.

Shares in Real Bulland last traded on November 7 when they closed at 1.10 levs on the BaSE market of the Bulgarian Stock Exchange, bourse data show.

(1 euro = 1.95583 levs)