Quabit successfully closes its capital increase of €63M

Quabit successfully closes its capital increase of €63M


After the end of the Preferential Subscription Period and the request for Additional Shares (first round), the capital increase has been fully subscribed.

The developer reports that they have received subscription orders for an amount that exceeds the total of the extension, corresponding to almost €62 million, more than 98% of the total, to the Preferential Subscription tranche.

Currently, is being completed the allocation of shares corresponding to the Period of Allocation of Additional Shares, in which requests have been received for an amount of more than €53 million, and should be limited by pro-rata to just over €1 million. In this regard, given that the capital increase has been covered with an excess demand, it will not be necessary to open the Discretionary Allocation Period.

The president of Quabit, Felix Abánades, stated that "the excellent result confirms the confidence of the markets in Quabit and is a great recognition to our growth strategy. It is also a great responsibility, because our aim is to reposition ourselves as one of the benchmarks of the developer business in Spain and thereby generate value for all shareholders. We are achieving this by working very hard, with a very active investment policy, putting new residential projects on the market and advancing at a good pace those already in progress".

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