Balkan and Sea Properties REIT Varna : Notification for a capital increase with rights

Notification for a capital increase with rights 09.02.2023 11:01:01 (local time)

Following a Board of Directors' decision for an increase in capital of Balkan and Sea Properties REIT adopted on 25 November 2022 and a subsequent announcement under Art. 89s of the POSA made on 03 February 2023 via the website of the electronic media Infostock (www.infostock.bg), of the issuer (www.bsproperties.eu) and the authorised investment intermediary (www.real-finance.net), please, be informed that the following issue of rights has been admitted to trading on the Subscription Rights Segment of the BSE Main Market by order of the Director of Trading on the grounds of Art. 34 (3) in conjunction with Art. 32 (2) of Part III - Listing Rules of the BSE Rules and Regulations:
- Number of shares before the increase: 6,925,156
- Number of rights issued: 6,925,156
- Number of shares offered for subscription: 1,300,000
- Nominal value per share: BGN 1.00
- Issue price per share: BGN 21.50
- Ratio between the rights issued and new shares: 1/0.187721 (right/share)
- Everyone may subscribe at least to one (1) new share and at most to the number of shares equal to the number of acquired or held rights divided by 5.327043, eventually rounded down to a whole number.
- The capital will be increased if at least 800,000 new shares will be subscribed to and paid in.
- BSE code assigned to the rights issued: BSP1
- ISIN of the rights issued: BG4000001231
- CFI code of the rights issued: To be additionally announced
- LEI code of the issuer: 8945008G3DTHTI8OS118
- Segment MIC: ZBUL
- One trading lot: One (1) right
- Currency of trading: BGN
- The bid and ask orders are to be entered according to LB1 liquidity band in pursuance of the Annex to Commission Delegated Regulation (EU) 2017/588 of 14 July 2016.
- Indicative reference price set for the first trading session: BGN 0.0790
- Starting date of trading in rights on the Exchange: 15 February 2023
- Final date of trading in rights on the Exchange: 23 February 2023
- Starting date of transferring the rights: 15 February 2023
- Final date of transferring the rights: 10 November 2020
- Auction date as per Art. 112b (7) of the POSA: 01 March 2023
- Starting date of subscribing to shares of the increase: 15 February 2023
- Final date of subscribing to shares of the increase: 15 March 2023
- Investment intermediary authorised to administer the capital increase: Real Finance AD
- Bank with which an accumulation account will be opened: Texim Bank AD
- The right to take part in the capital increase is entitled to all shareholders registered with the central securities register not later than five (5) business days after the date of publication of the public offering notice under Art. 89s (1) of the POSA, i.e. by Friday, 10 February 2023 (Record Date).
- The final date for transacting shares of this company on the Exchange, as a result of which the holder will be entitled to take part in the capital increase, will be Wednesday, 08 February 2023 (Ex Date: 09 February 2023 ).
The public offering prospectus is available on the website of the Exchange.