Fairplay Properties REIT to issue BGN 12.5m new common shares on warrants exercise (NEUTRAL)
Source: Fairplay Properties REIT; FFBH
Fairplay Properties REIT announced the results of the capital increase of the company through an exercise of warrants. The procedure resulted in the exercise of 12 500 000 warrants, subscribing the same amount of new common share with strike price and nominal value of BGN 1.00. The new shares are yet to be entered into the Commercial Register and admitted for trading on BSE. Before the warrant exercises Fairplay Properties had 33.15m outstanding common shares.
Please recall that Fairplay Properties REIT issued 232 017 800 warrants in 2016 with an issue price of BGN 0.001 per warrant and strike price of BGN 1. The last close price of Fairplay Properties REIT was BGN 0.675.