The Coordination and Admissions Committee of the Mercado Alternativo Bursátil (MAB) has submitted to the Board of Directors a favourable report on BAY HOTELS & LEISURE SOCIMI, stating that the company is eligible for admission to the market’s Growth Companies segment following a thorough review of all the information presented by the company.
The listing requires prior approval by the Board of Directors of MAB.
The company’s ticker symbol will be “YBAY” and it will be traded through the “price fixing” system. Renta 4 Corporate is the Registered Advisor while GVC Gaesco Beka will act as Liquidity Provider.
Based on the appraisal report by independent expert CBRE Valuation Advisory, the reference value set by the company's Board of Directors for each of the shares is €5.29, which brings its overall valuation to €494 million.
BAY HOTELS & LEISURE SOCIMI is a real estate investment company dedicated to the acquisition, holding, exploitation and eventual rotation of hotel real estate assets, either directly or through companies in which it has stakes. Its purpose is to generate a return on the capital invested. At present the company is composed of, among others, 21 hotels.
The Informative Document on BAY HOTELS & LEISURE 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.