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FSC approves Sopharma Properties prospectus for BGN 3m equity raise (NEUTRAL)

Sopharma Properties received a green light from the FSC for the issue of 462k ordinary shares. Each share would be offered at BGN 1.00 nominal and BGN 6.50 issue price, 0.8% premium to the market. Every existing share would receive 1 right, exercisable at a 45.335 ratio. The minimum success threshold is 231k shares (50% of the offering), hence the capital raise would attract between BGN 1.5m and 3m of equity.

Source: Sopharma Properties; FFBH

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