20 December 2017 – La Vanguardia
The Board of Directors of the Alternative Investment Market (MAB) has approved the incorporation of the company ‘PSN Gestión Socimi’ into the Socimi segment. It represents the forty-fourth company (of this kind) to join the exchange. Its shares will start trading on Friday 22 December.
The incorporation of the company, which specialises in property investment, comes after the Board’s analysis of the information submitted by the company and after the Coordination and Incorporations Committee issued a favourable assessment report, according to sources at the MAB.
The company’s trading code will be “YPSN”. The registered advisor isVGM Advisory Partners, and Banco Sabadell will act as the Liquidity Provider.
The Company’s Board of Directors has established a reference value for each share of €14.20, which corresponds to a company valuation of €28.1 million in total.
PSN Gestión Socimi is a real estate company, dedicated to property investment, primarily focusing on offices and retail premises to let.
The company owns a portfolio of assets comprising one entire building, dedicated to hotel use, as well as several offices distributed across 27 buildings in 21 cities in Spain and Portugal.
Original story: La Vanguardia
Translation: Carmel Drake