The Coordination and Admissions Committee of the MAB has submitted to the Board of Directors a favourable report on CORONA PATRIMONIAL SOCIMI,stating that the company is eligible for admission to the SOCIMIs (REITs) segment of the market, following a review of all the information presented by the company.
The company, the 23rd REIT to list on MAB, is scheduled to start trading on August 3rd, pending the approval by the Board of MAB.
The company’s trading code will be YCOR 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 JLL Valoraciones, the reference value set by the company's Board of Directors for each of the shares is €17.98, which brings its overall valuation to €109.1 million.
Through its subsidiaries CORONA PATRIMONIAL SOCIMI owns a portfolio comprising 6 real property assets located in Madrid and Barcelona.
CORONA PATRIMONIAL 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.