EfTEN Real Estate Fund AS Unveils Share Capital Increase Details
Insights on EfTEN Real Estate Fund AS Share Offering
EfTEN Real Estate Fund AS, a notable player in the real estate investment sector, has embarked on an exciting journey to enhance its capital base. Recently, the supervisory board made a strategic decision regarding its share capital, aiming to support future growth and investment opportunities. The intent was to issue up to 1,000,000 new ordinary shares, marking a significant milestone in the fund's ongoing development.
Subscription Process and Results
The subscription period for these new shares was set to commence on a specified date in November and conclude in early December. During this critical time, investors showed robust interest, leading to a total of 620,544 shares being subscribed. This substantial uptake reflects investor confidence in EfTEN Real Estate Fund AS, indicating a promising outlook for the fund as it moves forward.
Cancellation of Unsubscribed Shares
As part of the process, any unsubscribed shares were cancelled, ensuring that the fund retains a streamlined approach to its capital structure. Such actions not only adhere to financial regulations but also enhance shareholder value over time.
Registered Changes in Share Capital
The result of this share offering initiative was officially recognized on a later date when the Commercial Register registered the increase in capital. Following this registration, the new amount of the registered share capital stands at 114,403,400 euros, now subdivided into 11,440,340 shares, each having a nominal value of 10 euros. This capital structure places EfTEN Real Estate Fund AS in a robust position to pursue lucrative investment opportunities in the real estate market.
Management Contact for Inquiries
For those interested in learning more about the changes within EfTEN Real Estate Fund AS, or for investor-related inquiries, you can reach out directly to Viljar Arakas, a member of the management board. He is available at phone number 655 9515 or via email at viljar.arakas@eften.ee. This open line of communication reflects the fund’s commitment to transparency and investor engagement.
Strategic Future Outlook
The decision to increase share capital signifies not only growth but also the potential for future expansions and real estate investments that align with the fund's strategic vision. This move is expected to fuel initiatives that will benefit both the investors and the broader real estate market.
Frequently Asked Questions
What is the purpose of the share capital increase?
The share capital increase aims to provide the fund with additional resources to pursue growth opportunities and strengthen its investment portfolio.
How many new shares were issued?
Up to 1,000,000 new ordinary shares were issued during the subscription period.
When was the subscription period for the shares?
The subscription period took place between mid-November and early December.
What is the total amount of registered share capital now?
The new registered share capital is 114,403,400 euros.
Who can be contacted for further inquiries regarding the fund?
Inquiries can be directed to Viljar Arakas, a member of the management board, at phone 655 9515 or email viljar.arakas@eften.ee.
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