Zambal Spain SOCIMI to start trading on MAB next December the 1st.
It is the 11th SOCIMI (REIT) to list on MAB
The Coordination and Admissions Committee of the Mercado Alternativo Bursátil (MAB) has submitted to the Board of Directors a favourable report on ZAMBAL SPAIN 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 11th SOCIMI to list on this market segment, is scheduled to start trading next Tuesday, December 1, pending the approval by the Board of MAB.
The company’s trading code will be YZBL 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. VGM Advisory Partners is acting as Registered Adviser and Santander Investment Bolsa as Liquidity Provider.
Circular 2/2013, which governs the regime applicable to SOCIMIs, requires independent expert appraisals. Based on the report for ZAMBAL SPAIN SOCIMI, each of its shares was valued by its Board of Directors at €1.24, giving the company an overall valuation of €559 million.
ZAMBAL SPAIN SOCIMI, directly or through its subsidiary Iberia Nora, is the owner of nine office and commercial blocks in Madrid and Barcelona. The company´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.
