At a meeting today the Financial Supervision Commission (FSC) approved the registration of an emission of shares of Agro Finance REIT Sofia with the aim of trade on the regulated stock market.

The Fund increased its capital from 650,000 to 16.137 mln leva through the issuance of 15.487 mln common, paperless, voting shares with a face value of 1 lev.

The total amount generated in the capital increase is 17.037 mln leva. 5 physical and 21 judicial persons took part in the subscription.

The fund intends to use the capital to purchase agricultural land and to service two bank loans it has taken.

The last deal involving the stock of Agro Finance REIT on the BSE was made yesterday at 1.43 leva/share.