MAB rules favourably on the admission of Excem Socimi

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Published in Funds Society on July 2018

The Coordination and Admissions Committee of Spain’s alternative stock market, the MAB for its acronym in Spanish, has sent the Board of Directors its report ruling that, having studied all of the documentation presented, Excem Capital Partners Sociedad de Inversión Residencial, Socimi meets all of the exchange’s admission requirements.

The company’s trading ticker will be “YEXR”. The company’s registered advisor is VGM Advisory Partners and the market maker, GVC Gaesco Beka.

The company’s Board of Directors has set a list price of €1.40 which implies valuing the company at €17 million.

Excem Socimi is a property manager that was set up in 2015. Its core business is to invest in residential urban properties whose rooms lend themselves, following refurbishment and decoration, to rental to students and young professionals.

Excem Socimi’s prospectus can be retrieved from the MAB’s website and includes all relevant data pertaining to the company and its business.