The 27th REIT to list on MAB
The Coordination and Admissions Committee of the MAB has submitted to the Board of Directors a favourable report on INMOFAM 99 SOCIMI,stating that the company is eligible for admission to the market, following a review of all the information presented by the company.
The company - the 27th REIT to list on the Spanish Alternative Market (MAB) - is scheduled to start trading on 21 December, pending the approval by the Board of MAB.
The company’s trading code will be “YINM” 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”. Renta 4 Corporate is acting as Registered Adviser and Renta 4 Banco as Liquidity Provider.
Based on the appraisal report by independent expert Grant Thornton Advisory, the reference value set by the company's Board of Directors for each of the shares is €17.60, which brings its overall valuation to €38.83million.
INMOFAM 99 SOCIMI owns a portfolio of shops in the major commercial streets of Spain’s capital and a 4-storey residential building in Oviedo.
The Informative Document of INMOFAM 99 SOCIMI is available on MAB’s website (www.bolsasymercados.es/mab), where all the information about the company and its activities can be found.