- Ninth SOCIMI (REIT) to join this market segment
The Coordination and Admissions Committee of the Mercado Alternativo Bursátil (MAB) has submitted to the Board of Directors a favourable report on AUTONOMY SPAIN REAL STATE,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, the 9th to be listed on the MAB’s REITs segment, is scheduled to start trading next Thursday, 24 September, pending the approval by the Board of MAB.
The company’s trading code will be YARE 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 the Spanish branch of BNP Paribas as Liquidity Provider.
Circular 2/2013, which governs the regime applicable to SOCIMIs, requires independent expert appraisals. Based on the report for AUTONOMY SPAIN REAL STATE, each of its shares was valued by its Board of Directors at €16.5, giving the company an overall valuation of €83.5 million
AUTONOMY SPAIN REAL STATE is the parent company of a group comprising two sub-REITs. The group’s property portfolio is made up of 6 office blocks, 5 in Madrid and 1 in Catalonia.
AUTONOMY SPAIN REAL STATE´s 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.