Vbare Iberian Properties Socimi S A announced a private placement of 3,869,100 new nominative ordinary shares at €12.9 per share for gross proceeds of €49,911,390 on November 8, 2016. Each share has a nominal value of €5 per share and will be issued at a premium. The shareholders shall have the right to subscribe an amount of new shares proportional to the nominal value of the shares owned by the publication of this transaction in BORME. The period for the preferred subscription shall be of one month from the date of this announcement. 11 preferred subscription rights will be necessary for the subscription of 27 new shares. Those who exercise the totality of its preferred subscription rights will be entitled to apply the subscription of additional shares in the event that there shares are left unsubscribed after the end of the preferred subscription period The transaction was approved in the Extraordinary Shareholders meeting of the company.