Reference is made to the stock exchange announcement on 28
March 2017 regarding the final result of the rights issue
(the "Rights Issue") resolved by the general meeting of
Black Sea Property AS ("BSP" or the "Company") on 8 March
2017. In the Rights Issue, 31,518,583 new shares were
subscribed and allocated by the board of directors of the
Company.
The share capital increase related to the Rights Issue has
now been registered with the Norwegian Register of Business
Enterprises. The share capital has been increased with NOK
315,185.83 through issuance of 31,518,583 new shares, each
with a par value of NOK 0.01.
The Company's new share capital is thus NOK 615,185.83
divided on 61,518,583 shares, each with a par value of NOK
0.01.
For further information, please contact:
Egil Melkevik, Chairman
Tel: +47 90 77 09 76
E-mail: egil.melkevik@imenco.com
About Black Sea Property AS:
Black Sea Property AS is a real estate company with holdings
in a real estate project on the Black Sea coast called
Aheloy Beach Resort. Aheloy Beach Resort is a partially-
completed project and will upon completion comprise over
1,000 apartments as well as significant commercial space.
Black Sea Property AS owns indirectly 75% of the project.
Black Sea Property AS will work to finalize Aheloy Beach
Resort, to realize the project's added value through the
sale of residential units and hotel operations.