The Coordination and Admissions Committee of the Mercado Alternativo Bursátil (MAB) has submitted to the Board of Directors a favourable report on QUONIA 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 is scheduled to start trading on Monday,18 July, pending the approval by the Board of MAB.
The company’s trading code will be “YQUO” 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.
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 €1.65, which brings its overall valuation to €41.97 million.
QUONIA SOCIMI is a real estate investment company with a portfolio that currently includes leased properties for residential and commercial use located in Barcelona,Sevilla and Langreo. The QUONIA denomination is the result of adding the normaliser suffix - (n)ia to the Latin adverb quo , which etymologically refers to the location or place, the geographic point that appears after a search, the physical destination to settle.
QUONIA 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.