Bulgaria's Super Borovets Property Fund to auction cap hike rights on Sept 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)