The Supervision Committee of the Mercado Alternativo Bursátil (MAB) has announced the listing of LUMAR 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’s listing is scheduled to take place next Wednesday, July 6th, under the trading code LMR. 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.
Novamab Capital Partners is acting as Registered Adviser, and Bankia Bolsa as Liquidity Provider.
LUMAR NATURAL SEAFOOD, a company founded in 2003, building on the know-how of the Martínez Barral family, with more than 50 years’ experience in the sea fare-fishing industry, has emerged as an international benchmark in the production and marketing of value-added seafood products.
A MAB listing would mark another milestone in its growth strategy which is predicated on the design, development, manufacture and sale of value-added products elaborated from frozen fish. These products are targeted at the Spanish market and abroad: 69% of output is exported. The company sells its products through the retail, industrial and food service channels.