The real estate company Ayco announces a capital increase of 18.8 million

Ayco Grupo Inmobiliario has agreed to carry out a capital increase totalling €18.8 million through the issue and circulation of 125.7 million new shares.

The new shares will be issued at 0.03 cents with an issue premium of 0.12 cents, the company has informed the Spanish National Securities Market Commission (CNMV).

All in all, the total nominal amount of the capital increase amounts to €3.7 million, while the issue premium exceeds €15 million.

The new shares will be paid for through cash contributions, with the company’s shareholders being granted pre-emptive subscription rights.

Once the preferential subscription period has ended, and in the event that there are any remaining shares, an additional allocation process will be opened.

The subscription price for each new share shall be paid no later than 11:00 a.m. on 15 November, and the payment for additional shares shall be made before 28 November.

The company will apply for admission to trading of the new shares on the Madrid, Barcelona and Bilbao stock exchanges. It is estimated that this admission will take place on 20 December, with trading commencing one day later.

The company currently has a total of €107.7 million in outstanding shares and 1,240 in treasury stock.