Metrovacesa will issue one bunus share for every 20 shares held. The total issue comes to a total of five million shares valued at a price of EUR 1.5, increasing its capital by around EUR 7.63 mln. Metrovacesa's shares will trade ex right as of tomorrow until January 19.
Metrovacesa will issue one bunus share for every 20 shares held. The total issue comes to a total of five million shares valued at a price of EUR 1.5, increasing its capital by around EUR 7.63 mln. Metrovacesa's shares will trade ex right as of tomorrow until January 19.
The share issue was approved by Metrovacesa's board on October 30, following a warning by Spanish Commission on Stock Exchange CNMV to find solutions for its lack of liquidity, website Finanzas.com reported. Metrovacesa is one of the largest property developer in Spain. It owns assets for EUR 15 bn, and has about four million m2 of property for lease in Spain and France.