The shares of General de Alquiler de Maquinaria have experimented a 99,28% revaluation since the company made its debut in the Stock Exchange Market in June 2006. Their price went from 8,25 € on the day that they became listed to the closing price of 16,44 € that they reached yesterday.
This revaluation coincides with a very important period within the history of the firm, since some of its close shareholders have just acquired the 20,28% of the share capital that was owned by Dinamia Capital Riesgo SCR SA, Inversiones en alquiler de maquinaria srl I y II. The placement of that percentage have arisen a lot of interest in the market. It is important to state that the demand was almost three times bigger than the offer.
This transaction opens GAM’s doors to two new savings banks: Caixa Nova and Caja Navarra; to QMC Capital Fund and to some private investors “family office” on its shareholders base. The four of them have acquired nearly 5% of the shares.
GAM’s President, Pedro Luis Fernández together with the management have reinforced its present position in the Company increasing their shares by 1,5%. Out of this percentage, 0,75 corresponds to the President, being the other 0,75 acquired by the executives. This transaction, which gives the control of approximately 13% of the shareholding to the management team, is a clear signal of the faith in the company that the executives have shown since it was first listed in June 2006.
Equally, some of GAM’s most important current shareholders and members of its board of directors such as Cajastur, BBK and Gondaral, have also increased their share by nearly a 0,6% each.
Dinamia and other venture capital investors, advised by Nmas1, have always been one of the mainstays of the company, accompanying GAM in its beginnings, during its development and until its final consolidation when they made their debut in the stock exchange market in June 2006. With this transaction, the venture capital investors conclude their collaboration with GAM as temporary partners. Their last contribution to GAM’s present success is the entry of the new shareholders.
With this change in the shareholding structure, GAM enters in a new phase with other strategic challenges, new growing plans and business opportunities. |
