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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 Zaragoza Properties S.A.U., 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 eighth Socimi (REITs) to join this market segment, is scheduled to start trading next Tuesday, 15 September, pending the approval by the Board of MAB.
The company’s trading code will be YZPS 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 S.A is acting as Registered Adviser and Renta 4 Sociedad de Valores S.A as Liquidity Provider.
In order to set a valuation range for the company,each of its shares was valued by its Board of Directors at €13, giving the company an approximately overall valuation of €66 million.
Through its Puerto Venecia subsidiary, the company partly owns the “Puerto de Venecia Shopping Resort” commercial complex, located in Zaragoza, whose surface area exceeds 200,000 m2.
Zaragoza Properties S.A.U´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.
