September 12 (SeeNews) - The Bulgarian Stock Exchange said on Thursday that the remaining 11,982,863 unexercised rights for subscribing for shares from the ongoing capital increase of local Super Borovets Property Fund REIT [BUL:6SB] will be auctioned on September 16.
Orders can be placed between 13:15 and 13:45 local time, the stock exchange operator said in a notice.
Each right gives its holder the option to subscribe for 0.445 shares from the new issue.
Super Borovets Property Fund REIT is offering 7.2 million shares for subscription at a price of 2.22 levs ($1.26/1.13 euro) apiece. The company issued a total of 16,179,999 subscription rights.
The capital hike will be considered successful if at least 2.4 million shares are subscribed for.
Super Borovets Property Fund REIT shares last traded at a price of 2.38 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)