Millenium approves a capital increase of up to 400M euros

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Millenium board of shareholders has approved the launch of an increase of 150 million euros for current shareholders and a second increase of up to 250 million for new members.

The general meeting of shareholders of the hotel socimi has approved the launch of two capital increases that will add up to 400 million euros and must be executed within a maximum period of one year, according to a statement sent to the Alternative Stock Market (MAB).

The first of the increases, aimed at the current shareholders of the company, is expected to raise a maximum of 150 million euros thanks to the issuance of thirty million shares with a nominal value of one euro and an issuance premium of four euros more per action.

On the other hand, the company will launch another capital increase without a pre-emptive subscription right of up to 250 million euros. Specifically, it will issue a maximum of 50 million new shares that will have a nominal value of one euro and an issue premium of five euros per share.

Millenium closed its first semester at the MAB with a profit of 416,894 euros and a gross valuation of its portfolio of 117.3 million euros. In addition, the gross operating result (EBITDA) was 1.3 million euros.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Join us February 26-27 for the Property Portal Watch Conference Bangkok 2020.