Euro Cervantes SOCIMI to start trading on MAB on 22 September
The 24th REIT to list on the Spanish Alternative Market, MAB
The Coordination and Admissions Committee of the MAB has submitted to the Board of Directors a favourable report on EURO CERVANTES 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 24th REIT to list on the Spanish Alternative Market (MAB) - is scheduled to start trading on 22 September, pending the approval by the Board of MAB.
The company’s trading code will be “YEUR” 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 Banco de Sabadell as Liquidity Provider.
Based on the appraisal report by independent expert Ernst & Young, the reference value set by the company's Board of Directors for each of the shares is €31, which brings its overall valuation to €155 million.
EURO CERVANTES SOCIMI owns a 32.9% stake in GMP PROPERTY SOCIMI, which was admitted to trading last July.
The 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.
