November 19 (SeeNews) - The Bulgarian Stock Exchange said that it has decided to admit to trading 14,491,925 shares in Bulgarian Real Estate Fund REIT [BUL:5BU], issued by the company in a recent capital increase.
The shares will start trading on the bourse on November 20, the Sofia bourse said in a statement on Friday.
Following the capital hike, the company's capital amounts to 34.64 million levs ($20.2 million/17.7 million euro), up from 20.15 million levs before the increase.
In August, BREF raised 27.5 million levs via the issuance of 14,491,925 new shares.
In July, BREF said it will use the proceeds from the capital hike to partially finance a 33 million euro project for the construction of an office building in state-owned Sofia Tech Park.
(1 euro = 1.95583 levs)