Black Sea Property AS has today completed its annual general meeting for 2021. The general meeting approved, inter alia, a merger plan for a merger betweenBlack Sea Property AS and Bulgaria Eiendom Invest AS, as well as share capital increases pertaining to the private placement announced on30 May 2021 and to a subsequent repair offering. The subscription period in the subsequent repair offering commence tomorrow,1 July 2021 , and further information will be given prior to the start of the subscription period. All resolutions were passed in accordance with the proposals set out in the notice for the annual general meeting. The minutes of the general meeting is attached hereto. For further information, please contact: Egil Melkevik, Chairman Tel: +47 90 77 09 76 E-mail: em@ms-solutions.no AboutBlack Sea Property AS :Black Sea Property AS is a real estate company with holdings in a real estate project on the Black Sea coast calledSunrise Gardens .Sunrise Gardens Resort is a partially completed project and will upon completion comprise approximately 950 apartments as well as significant commercial space.Black Sea Property AS owns indirectly 75% of the project.Black Sea Property AS will work to finalizeSunrise Gardens Resort , to realize the project's added value through the sale of residential units and hotel operations.
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