September 13 (SeeNews) - Bulgaria's Financial Supervision Commission said that it has approved the prospectus of local Premier Fund REIT [BUL:4PR] for a capital increase via the issuance of up to 1.15 million shares.
Premier Fund REIT will offer the shares at a price of 10.5 levs apiece, the financial regulator said in a statement on Thursday.
The company will raise 12.1 million levs ($6.9 million/6.2 million euro) if the issue is fully subscribed.
Premier Fund REIT's registered capital currently amounts to 650,000 levs.
The capital increase will be considered successful if at least 700,000 shares are subscribed for and paid for.
As at 9:00 CET on Friday, Premier Fund REIT shares traded 17.65% higher at 2.0 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)