Press Release

Bay Hotels & Leisure SOCIMI receives favourable report from MAB

20 July, 2017

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.

Copyright® Bolsas y Mercados Españoles 2017
[ http://www.bolsasymercados.es ]

MARKET STATUS

The Market Status informs through quick and easy-to-read notices on incidents affecting the Equity, Derivatives and Fixed Income markets as well as Indices and financial systems operated by BME.

If an issue occurs, the message "TRADING" will change to "MARKET ISSUE" to reflect that a market event has occurred. By clicking on the Issue of the published alert it will be possible to access the information and intraday updates associated with this incident, which will be published immediately.

Note: BME will use its discretion to assign the severity of an incident