FairPlay Properties REIT filed in the Financial Supervision Commission a new Prospectus for a Capital Increase
Sofia, December 4,2007
On the 3 November 2007, FairPlay Properties REIT filed in the Financial Supervision Commission a new Prospectus for a capital increase.
The decision for the capital increase was taken on a Meeting of the Board of the Directors, held on 05.11.2007. The company is planning to increase its capital from BGN 50,700 million to BGN 60,840 million by additional issue of 10.140 million new shares with nominal price BGN 1.00 and issue price BGN 2.25 per share. The authorized investment Intermediary for the capital increase is II “Capman” AD.
”FairPlay Properties” REIT is the biggest in assets Company for securitization of real estate ( without agricultural lands) with 15,39% market share and had third place towards this index from all the REITs listed on the BSE ( according the statistics of Financial Supervision Commission for the second quarter of 2007).
“FairPlay Properties” has an award from the Investor‘s Association for “The Best Corporate Governance of REIT`s 2006”
“FairPlay Properties” REIT is listed on the Bulgarian Stock Exchange – Sofia on 17 February 2006. The main shareholder in the Company is “FairPlay International” JSC with 65, 5% quota in the capital. The other shareholders are Institutional Investors (9 Pension Funds, 15 Mutual Funds, and Investment Companies) and 220 physical persons and Legal Entities, small investors.