BLACK SEA PROPERTY Reference is made to the stock exchange announcement byBlack Sea Property AS (the "Company") regarding the results of a subsequent offering of up to 17,080,000 new shares in the Company (the "Subsequent Offering" and the "Offer Shares "). Following the expiry of the subscription period in the Subsequent Offering, the Board of Directors resolved to allocate a total of 10,611,260Offer Shares and to increase the Company's share capital withNOK 2,652,815 through the issuance of 10,611,260Offer Shares , each with a par value ofNOK 0.25 . The share capital increase relating to the Subsequent Offering has now been registered with theNorwegian Register ofBusiness Enterprises . The Company's new registered share capital isNOK 18,753,076.50 divided into 75,012,306 shares, each with a par value ofNOK 0.25 . 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 River Beach Resort .Sunrise River Beach Resort is a partially completed project and will upon completion comprise approximately 950 apartments as well as significant commercial space.Black Sea Property AS has indirect ownership to the project and will work to finalizeSunrise River Beach Resort , to realize the project's added value through the sale of residential units and hotel operations.
Click here for more information
© Oslo Bors ASA, source
