March 15 (SeeNews) - Bulgarian real estate investment trust Sopharma Buildings REIT [BUL:SFB] will auction on March 16 the unexercised rights for its capital increase, the Bulgarian Stock Exchange (BSE) [BUL:BSE] said on Wednesday.
Sopharma Buildings will offer 2,205 rights, to which no shares have been subscribed, BSE said in a notice.
Orders for the unexercised rights can be placed between 1315 and 1345 local time on March 16, the notice added.
Last month, Sopharma Buildings said it would issue some 649,990 rights for its planned capital increase, with each right held allowing the subscription of five new voting shares in the company. The REIT will offer 3,249,950 voting shares at 1.86 levs apiece.
Shares in Sopharma Buildings last traded at 2.63 levs on the Bulgarian Stock Exchange, bourse data show.
(1 euro = 1.95583 levs)