Kingbook inversiones SOCIMI to start trading on 11 July
The 36th REIT to list on MAB
The Coordination and Admissions Committee of the MAB has submitted to the Board of Directors a favourable report on KINGBOOK INVERSIONES 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 is due to be listed next Tuesday, 11 July, whereupon it will become the 36th REIT to be admitted to the market once the MAB’s Board of Directors has approved the admission
The company’s trading code will be “YKIB” 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”. Deloitte is acting as Registered Adviser and Renta 4 Banco as Liquidity Provider.
The reference value set by the company's Board of Directors for each of the shares is €4.78, which brings its overall valuation to €23.9 million.
KINGBOOK INVERSIONES SOCIMI is a REIT that specialises in the acquisition and rental of assets for use in the retail fuel distribution business and ancillary commercial activities. At present, it has 57 petrol stations, a hotel and an industrial unit. It has an agreement with the operator of petrol stations, Petrocorner, and other companies of the ALLOCATE Inversiones group.
The Informative Document on KINGBOOK INVERSIONES SOCIMI can be found on the MAB’s website (www.bolsasymercados.es/mab) and contains all the relevant information on the company and its business.
