- Sixteenth 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 SILVERCODE INVESTMENTS 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 16th REIT to be listed on MAB, is scheduled to start trading tomorrow, pending the approval by the Board of MAB.
The company’s trading code will be YSCI 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. Renta 4 Corporate is acting as Registered Adviser and Banco Sabadell will actas Liquidity Provider.
Taking into consideration the Ernst & Young Servicios Corporativos report, the Board of Directors has valued each of its shares at €1.11, giving the company an overall valuation of €80.25 million.
SILVERCODE INVESTMENTS SOCIMI owns most of the Complejo Castellana 200, located at Madrid financial center and comprises 2 office buildings, a shopping mall, 4 floors of an underground parking and a project in development.
SILVERCODE INVESTMENTS 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.