- Eighteenth SOCIMI (REIT) to join this market segment
The Coordination and Admissions Committee of the Mercado Alternativo Bursátil (MAB) has submitted to the Board of Directors a favourable report on ASTURIAS RETAIL AND LEISURE SOCIMI,stating that the company is eligible for admission to the SOCIMIs (REITs) segment of this market, following a review of all the information presented by the company.
The company, the 18th to be listed on the MAB’s REITs segment, is scheduled to start trading on 1 July, pending the approval by the Board of MAB.
The company’s trading code will be YAST 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 Renta 4 Sociedad de Valores as Liquidity Provider.
Based on the appraisal report by independent expert Ernst & Young Servicios Corporativos the reference value set by the company's Board of Directors for each of the shares is €19.15, which brings its overall valuation to €95.8 million.
ASTURIAS RETAIL AND LEISURE SOCIMI is the owner – through two subsidiaries - of three real estate assets in Oviedo, namely, a shopping centre called “INTU ASTURIAS” and 7 commercial units, a hypermarket leased by Eroski and a petrol station.
ASTURIAS RETAIL AND LEISURE SOCIMI’s 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.