The Coordination and Admissions Committee of the Mercado Alternativo Bursátil (MAB) has submitted to the Board of Directors a favourable report on RREF II AL BRECK 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 Wednesday, 30 November, pending the approval by the Board of MAB.
The company’s trading code will be “YALB” 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 Banco as Liquidity Provider.
Based on the appraisal report by independent expert Grant Thornton Advisary the reference value set by the company's Board of Directors for each of the shares is €5.40, which brings its overall valuation to €28.8 million.
RREF II AL BRECK SOCIMI owns 293 residential estates, 13 offices (12 commercial and 1 business) as well as the storage rooms and parking spaces associated with these, all of them located in Madrid.
RREF II AL BRECK SOCIMI’SInformative Document is available on MAB’s website (www.bolsasymercados.es/mab), where all the information about the company and its activities can be found.