- Thirteenth SOCIMI (REIT) to join MAB
The Coordination and Admissions Committee of the Mercado Alternativo Bursátil (MAB) has submitted to the Board of Directors a favourable report on HEREF HABANERAS SOCIMI, stating that the company is eligible for admission to the SOCIMIs (REITs) the market, following a review of all the information presented by the company.
The company, the 13th REIT to be listed on MAB, is scheduled to start trading next Friday, 5 February, pending the approval by the Board of MAB.
The company’s trading code will be YHAB and trading will be through a price setting mechanism which will match buy and sell orders by means of two daily auction periods or “fixings”, at 12 hrs and at 16 hrs. Armabex Asesores Registrados is acting as Registered Adviser and the Spanish branch of BNP Paribas as Liquidity Provider.
Circular 2/2013, which governs the regime applicable to SOCIMIs, requires independent expert appraisals. Based on Knight Franks´ report for HEREF HABANERAS SOCIMI, each of its shares was valued by its Board of Directors at €4.37, giving the company an overall valuation of €22.1 million.
HEREF HABANERAS SOCIMI owns a 100% of Habaneras Shopping Centre located in Torrevieja, Alicante.
HEREF HABANERAS SOCIMI Informative Document is available on MAB’s website (www.bolsasymercados.es/mab), where all the information about the company and its activities can be found.