February 7 (SeeNews) - In SeeNews story "CEO buys 20,000 shares in Bulgaria's Infinity Capital" dated February 6, please read in the headline "sells 17,000 shares" instead of "buys 20,000 shares" to comply with a correction issued by the source.
Also, please read in the first paragraph "sold 17,000 shares" instead of "bought a total of 20,000 shares"; in the second paragraph read "sold the shares on January 31 after buying 3,000 shares in the company on January 30" instead of "acquired 3,000 shares in the company on January 30 and a further 17,000 on January 31".
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A corrected version follows:
Bulgarian real estate investment company Infinity Capital [BUL:INF] said on Tuesday that its CEO Georgi Dimitrov sold 17,000 shares in the company last week.
Dimitrov sold the shares on January 31 after buying 3,000 shares in the company on January 30, the company said in separate bourse filings.
Shares in Infinity Capital closed at 1.80 levs ($0.99/0.92 euro) on the Bulgarian Stock Exchange on January 30 and at 1.78 levs on January 31, bourse data showed. The company, which has a current market capitalisation of 2.6 million levs, has seen its stock decrease in value by 10% over the past 12 months.
Infinity Capital, set up in December 2019, is majority-owned by GD Capital Management, property of its CEO, Georgi Dimitrov. Infinity Capital is currently developing the Gurmazovo Hills housing project near Sofia, which it bought from GD Capital Management.
As of 1450 CET on Tuesday, shares in Infinity Capital traded 10.83% higher at 1.995 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)