News

03/31/2016

THE COMPANY PREPARES THE COMMERCIAL RELEASE OF 5 NEW DEVELOPMENTS UNTIL JULY

Quabit places more than 300 new houses in the market during the coming quarter

The new trading portfolio includes houses from 85,000 Euros to more than 1.2 million Euros; from subsidized housing to luxury residential properties; and from primary residence in Madrid, Guadalajara or Barcelona, to houses in Costa del Sol.

The company will hold its General Shareholders’ Meeting on April 14

Quabit will perform a reverse split in the proportion of 1 new share per 50 former shares.

Quabit closes 2015 with profits by 21.7 million Euros

For the first time in the company’s history, Quabit Inmobiliaria expects to distribute dividends among its shareholders. Dividends will be distributed through shares.
Quabit closes 2015 with a consolidated financial structure, and a healthy equity position: indebtedness has been reduced by 31.2% and equity is positive in 105.7 million.

02/12/2016

THE SHAREHOLDING HELD BY FÉLIX ABÁNADES, QUABIT’S CHAIRMAN, DOES NOT VARY AND HE REMAINS AS MAJORITY SHAREHOLDER WITH 20.5%

Sareb invests in the capital of Quabit with a share of 7.7% by executing 193.5 million pledged shares of Martibalsa

SAREB becomes the company’s second shareholder, immediately after Grupo Rayet and before KKR
Martibalsa dilutes its share, from 11% to only 3.3%
For Grupo Rayet, which definitively emerged from the arrangement with creditors last January, this credit policy is classified as ordinary. After applying the Agreement’s conditions, the capital payable is established in 1.4 million Euros

01/12/2016

ONCE THE AGREEMENT’S APPROVAL RULING HAS BECOME FINAL

Grupo Rayet, Quabit’s main shareholder, has definitively emerged from the arrangement with creditors

Combining the arrangement and the unique agreement reached with the Tax Authorities, Grupo Rayet has achieved the deferral of its payment commitments.
Currently, Grupo Rayet is up to date with its payment commitments with the Tax Authorities and must no longer appear in the forthcoming listed receivables.

12/21/2015

THE CAPITAL INCREASE’S SUCCESS, FOR A MAXIMUM AMOUNT OF 45 MILLION EUROS, MARKS A TURNING POINT FOR THE COMPANY

Quabit cancels debt for a total amount of 90 million Euros

Quabit closes its 45-million Euros capital increase with oversubscription

12/04/2015

THE DISCRETIONARY PERIOD (3RD ROUND) OF THE CAPITAL INCREASE IN QUABIT BEGINS TODAY

Quabit already reaches 71% of the 45-million Euros capital increase

As of today, Quabit Inmobiliaria has opened the Discretionary Period of the capital increase that has already reached a subscription of 71% of the increase’s maximum amount (45,000,000 Euros) and 91% of its minimum amount (35,000,000 Euros).

Quabit’s Chairman obtains funding to participate in the capital increase with an amount of at least 2 million Euros

The preferential subscription period officially ends on November 29, where Friday November 27 will be the last business day.

New securities are issued at a discount, resulting in a final subscription price of 0.045 Euros.

With this increase, the company will strengthen its equity structure and raise funds to undertake investments foreseen in its Business Plan 2015-2020.

Quabit launches its capital increase for an amount of 45 million Euros

The preferential subscription period begins on November 14 and will last until November 29.
New securities are issued at a discount, resulting in a final subscription price of 0.045 Euros.
With this increase, the company will strengthen its equity structure and raise funds to undertake investments foreseen in its Business Plan 2015–2020.