Meta Estate Trust, a holding company operating in the residential sector, is listed on the AeRO market of the Bucharest Stock Exchange

Meta Estate Trust, a holding company operating in the residential sector, has made today, August 29th, its debut on the AeRO market, the equity segment of the Multilateral Trading System of the Bucharest Stock Exchange. Meta Estate Trust shares are traded under the stock symbol MET. The company’s listing was preceded by an initial public offering, which took place between July 20th and August 2nd and raised 14 million lei from investors.

We are pleased to have a new issuer on the Bucharest Stock Exchange as of today. Meta Estate Trust is the 11th company to list on the AeRO market since the beginning of this year. I congratulate them on their decision to raise funding through the capital market in order to implement their plans for the growth of the company. Furthermore, the listing of Meta Estate Trust consolidates the presence of the real estate sector on the stock exchange”, said Radu Hanga, President of the Bucharest Stock Exchange.

“Today, August 29th, 2022, is a very important day for the Meta Estate Trust team and shareholders. With the listing of MET shares on the AeRO market, just over a year after its establishment, we are taking another step in the company’s development, by moving towards our targets: transfer to the main market of the Bucharest Stock Exchange and reaching an asset volume of 100 million euros. We have a business model that differentiates us from other listed issuers, and we are happy to be carrying out our mission of democratizing real estate investments. We have set the premises for investors to become long-term partners and we will use capital market mechanisms to add value for shareholders. Thus, following the decision of the General Shareholders’ Assembly in April, we intend to launch two bond issues in the fourth quarter of this year,” said Eugen Voicu, President of the Board of Directors at Meta Estate Trust.

Meta Estate Trust organized a public sale offer from July 20th to August 2nd, as a result of which the company raised 14 million lei. The subscribed and paid-up share capital of the company is RON 87 million, divided into 75.7 million ordinary shares representing 87.1% of the total share capital and 11.2 million preferred shares, without voting rights, representing 12.9% of the total share capital.

The company’s strategy by the end of this year is to diversify by expanding its presence in other real estate segments and we expect new investments in assets of over 15 million euros. Another objective is to achieve very good communication with investors and maintain the highest standards of corporate governance. At the same time, we will pay great attention to liquidity and increasing the company’s capitalization,” said Oriol Casellas Deig, CEO of Meta Estate Trust.

With the listing of Meta Estate Trust, we have completed the largest IPO carried out in 2022, an achievement we are all the more pleased about given the difficult market context marked by uncertainties, both from a macroeconomic and geopolitical perspective. We have noticed an increased investor interest in Meta Estate Trust shares, which is yet another confirmation that innovative business models can attract financing through the capital market, and the representativeness of the real estate sector on the Bucharest Exchange Market increases with this new listing, granularity being one of the major advantages of such an investment”, said Răzvan Raț, Deputy CEO of BRK Financial Group.

EN Watch the press conference organized on the 29th of August 2022 on the occasion of the listing of Meta Estate Trust shares (MET) at the Bucharest Stock Exchange here.