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Vbare increases capital to enter the Spanish Continuous Market
22 May 2019 | Vanessa Sousa

Spanish Vbare announced a 30 million euro capital increase so as to enter the Spanish Continuous Market in 2020.

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In order to do that, the Spanish REIT, which is dedicated to the housing market, will issue 2 million 238 thousand new ordinary shares with pre-emptive subscription rights subject to the execution of the share capital increase to a minimum amount of 12.5 million euro, according to the release available at Mercado Alternativo Bursátil, where the company has been listed for about 4 years.

Within the same document are stated the terms of the operation: «it can, within a maximum term of five years increase the share capital by up to 50% of the current share capital, on one or more occasions and for the amount that it considers appropriate, at a minimum issue price of 13.40 euros per share».

In this way, «the Board of Directors has unanimously committed to make their best efforts for the admission of the Company's shares to the Spanish Stock Exchange and their incorporation into the Stock Exchange Interconnection System (Continuous Market) with the intention of having them admitted for trading before 31 March 2020», it can be read in the same document.