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The Coordination and Admissions Committee of the Mercado Alternativo Bursátil (MAB) has submitted to the Board of Directors a favourable report on Obsido Socimi, stating that the company is eligible for admission to the SOCIMI (REITs) segment following a thorough review of all the information presented by the company.
The listing of the company - the 7th to list on this market – is scheduled for September. The final approval of MAB’s Board of Directors is required before the shares of the company can be admitted for trading.
The company’s code will be YOSO 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.
ARMABEX is acting as Registered Adviser and BANCO SABADELLas Liquidity Provider.
Circular 2/2013, which governs the regime applicable to SOCIMIs, requires independent expert appraisals. Based on the report for Obsido, each of its shares was valued by its Board of Directors at €19.40, giving the company an overall valuation of €21.3 million.
Obsido´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.
