Bulgaria's Sopharma Trading to auction unexercised cap hike rights on Oct 29

Orders can be placed between 13:15 and 13:45 local time, the stock exchange operator said in a notice.

Each 24 rights give their holder the right to subscribe for 1 share from the new issue at a price of 6.85 levs ($3.92/3.50 euro).

Sopharma Trading is offering 1.4 million shares for subscription. The capital hike will be considered successful if at least 1 million shares are subscribed and paid for. 

Sopharma Trading shares closed at a price of 6.05 levs on the Bulgarian Stock Exchange on Wednesday.

The company's capital currently amounts to 32.9 million levs, divided into the same number of shares.

Sopharma Trading is a unit of Bulgarian drug maker Sopharma [BUL:3JR].

(1 euro = 1.95583 levs)