Press Release

Asturias Retail and Leisure Socimi to start trading on MAB on 1 July

28 June, 2016
  • 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.

 

Copyright® Bolsas y Mercados Españoles 2017
[ http://www.bolsasymercados.es ]

MARKET STATUS

The Market Status informs through quick and easy-to-read notices on incidents affecting the Equity, Derivatives and Fixed Income markets as well as Indices and financial systems operated by BME.

If an issue occurs, the message "TRADING" will change to "MARKET ISSUE" to reflect that a market event has occurred. By clicking on the Issue of the published alert it will be possible to access the information and intraday updates associated with this incident, which will be published immediately.

Note: BME will use its discretion to assign the severity of an incident