27 September 2016 – Expansión
The Socimi Optimum Re will debut on the Alternative Investment Market (MAB) on Wednesday 28 September, after the Coordination and Incorporations Committee submitted a favourable assessment report to its Board of Directors regarding the company’s compliance with the incorporation requirements.
The company will require approval in advance from the MAB’s Board of Directors to start trading.
The company’s trading code will be ‘YORS’ and its shares will be traded through a price fixing system. Solventis is acting as the registered advisor and the company’s liquidity provider.
Taking into consideration the two capital increases performed prior to its debut on the MAB, which amounted to €16.61 million in total, the company’s Board of Directors has set a reference value for each one of its shares at €10, whereby valuing the company as a whole at €50 million.
Optimum Re is a real estate investment company managed by BMB CAP Management, which aims to provide returns derived from rental income and capital appreciation that are generated from the selective acquisition and active management of residential properties in Barcelona and Madrid. Currently, the company’s portfolio comprises fourteen properties and the firm expects to complete the acquisition of an additional building before the end of 2016.
Original story: Expansión
Translation: Carmel Drake