The Board of Directors of MAB has approved the listing of Grenergy Renovables on the Growth Companies segment of this market, following a thorough review of all the information presented by the company and after the favourable assessment report on its listing issued by MAB’s Coordination and Admission Committee.
The company is scheduled to start trading tomorrow, July 8.
Its listing on MAB is accompanied by a €3.8 million capital increase, which brings its initial market capitalisation to €31.36 million. The starting price will be €1.38 per share.
Grenergy Renovables’ trading code will be GREand 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.
NORGESTION is acting as Registered Advisor and BANCO SABADELL as Liquidity Provider.
Grenergy Renovables is a project developer and an Independent Power Producer that generates renewable energy mainly through solar photovoltaic plants. Founded in Madrid, in 2007, the company is active in all the stages in a project since the start of the process: development, construction, finance structuring, operation and maintenance of plants. Since 2012 it has been present in Latin America, with offices in Mexico, Chile and Peru.