Logis Confort acquires 33% of a moroccan developer

In compliance with Article 17 of the Regulation (EU) No 596/2014 on market abuse and with Article 228 of the consolidated text of the Securities Market Act, approved by Royal Legislative Decree No 4/2015, of 23 October, related provisions, and Euronext Rule Book I: Harmonised Rules, “LOGIS CONFORT, SOCIMI, S.A.” hereby gives notice of the following relevant fact:

By virtue of a public deed of purchase-sale dated 31.01.2019, executed before the Notary of Valencia, Miguel García-Granero Márquez, “LOGIS CONFORT, SOCIMI, S.A.” acquired 100 shares of the Moroccan company “INTERAL MAROC, S.A.R.L.”, with registered office in Tangier, representing 33.33% of the share capital, for €2,000,000 fully paid up.

“LOGIS CONFORT, SOCIMI, S.A.” obtained these financial resources through a collateral loan agreement with Caixabank.

“INTERAL MAROC, S.A.R.L.” operates in the same line of business as “LOGIS CONFORT, SOCIMI, S.A.”, and holds urban property assets to be leased, similar to those held by “LOGIS CONFORT, SOCIMI, S.A.”