Almagro Capital concluded a 50 million euro capital increase with a 91% subscription rate

Almagro Capital concluded a 50 million euro capital increase with a 91% subscription rate

The company thus fulfilled two of the goals included in its strategic business plan: to reach 1.000 shareholders and to change its type of listing to continuous at BME Grwoth starting July 7th. Thus, Almagro Capital expects to increase the operation’s liquidity and continue boosting the company’s growth over the next few months.

The company obtained last 22 July CNMV’s approval, the subscription period started on the 23rd of June and on the 28th petitions already surpassed the offer (40 million shares). The subscription period closed last Monday the 5th of June.

«We are very proud of being able to announce the change in type of listing to continuous and to have concluded the capital increase with such positive numbers. Once again, we confirmed the growth potential of our business model, unique in Spain, focused on «sale and leaseback», which offers very competitive solutions to our elderly, so that they can enjoy their retirement, as well as monetizing their savings under much better conditions», assured Juan Jordano, president of Almagro Capital.

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